Short Interest in ProShares UltraShort Semiconductors (NYSEARCA:SSG) Decreases By 42.7%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 19,898 shares, a decrease of 42.7% from the May 14th total of 34,742 shares. Based on an average daily volume of 735,234 shares, the short-interest ratio is currently 0.0 days. Currently, 1.1% of the shares of the stock are sold short.

ProShares UltraShort Semiconductors Price Performance

SSG stock opened at $12.90 on Friday. ProShares UltraShort Semiconductors has a 12 month low of $11.44 and a 12 month high of $65.04. The firm has a 50 day simple moving average of $17.14 and a 200 day simple moving average of $25.06.

Institutional Investors Weigh In On ProShares UltraShort Semiconductors

A hedge fund recently raised its stake in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP increased its position in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,064 shares of the company’s stock after acquiring an additional 10,257 shares during the quarter. Susquehanna International Group LLP owned 1.24% of ProShares UltraShort Semiconductors worth $195,000 as of its most recent SEC filing.

About ProShares UltraShort Semiconductors

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.