ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Short Interest Down 38.3% in July

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 579 shares, a decrease of 38.3% from the June 30th total of 938 shares. Based on an average trading volume of 1,921 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of ProShares Ultra Consumer Discretionary

A number of large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of ProShares Ultra Consumer Discretionary during the 3rd quarter valued at $87,000. Citadel Advisors LLC purchased a new stake in ProShares Ultra Consumer Discretionary in the 3rd quarter worth about $209,000. Osaic Holdings Inc. bought a new stake in ProShares Ultra Consumer Discretionary in the 2nd quarter valued at about $631,000. IMC Chicago LLC bought a new stake in ProShares Ultra Consumer Discretionary in the 1st quarter valued at about $1,472,000. Finally, WealthCare Asset Management LLC purchased a new stake in ProShares Ultra Consumer Discretionary during the fourth quarter valued at about $2,545,000.

ProShares Ultra Consumer Discretionary Trading Up 6.8%

Shares of NYSEARCA:UCC traded up $2.97 during mid-day trading on Friday, reaching $46.62. The company had a trading volume of 931 shares, compared to its average volume of 4,026. The firm has a market cap of $10.26 million, a price-to-earnings ratio of 29.58 and a beta of 2.23. The company’s 50-day moving average price is $47.14 and its 200-day moving average price is $48.16. ProShares Ultra Consumer Discretionary has a one year low of $39.96 and a one year high of $56.96.

ProShares Ultra Consumer Discretionary Company Profile

ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.