ProShares UltraShort Semiconductors (NYSEARCA:SSG) Shares Shorted: Short Interest Up 247.6% in October

ProShares UltraShort Semiconductors (NYSEARCA:SSG) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 128,092 shares, an increase of 247.6% from the October 15th total of 36,851 shares. Based on an average daily trading volume, of 1,020,493 shares, the days-to-cover ratio is presently 0.1 days. Currently, 4.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SSG. Quantinno Capital Management LP acquired a new position in ProShares UltraShort Semiconductors in the 1st quarter worth about $510,000. StoneX Group Inc. bought a new stake in shares of ProShares UltraShort Semiconductors in the 3rd quarter valued at approximately $237,000. Finally, Greenfield Seitz Capital Management LLC acquired a new position in ProShares UltraShort Semiconductors in the third quarter worth approximately $138,000.

ProShares UltraShort Semiconductors Trading Up 6.9%

Shares of NYSEARCA:SSG traded up $1.03 during trading on Friday, reaching $15.98. 687,144 shares of the company traded hands, compared to its average volume of 607,975. The firm has a fifty day simple moving average of $12.32 and a 200 day simple moving average of $17.08. ProShares UltraShort Semiconductors has a 1-year low of $9.45 and a 1-year high of $38.11.

ProShares UltraShort Semiconductors shares are scheduled to reverse split on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.

ProShares UltraShort Semiconductors Company Profile

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.