Short Interest in ProShares UltraShort Semiconductors (NYSEARCA:SSG) Drops By 47.8%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 7,153 shares, a decline of 47.8% from the January 29th total of 13,712 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 236,297 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 236,297 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.0% of the company’s shares are sold short.

ProShares UltraShort Semiconductors Stock Performance

NYSEARCA:SSG opened at $27.34 on Friday. The stock’s fifty day moving average is $28.40 and its 200 day moving average is $33.57. ProShares UltraShort Semiconductors has a fifty-two week low of $24.77 and a fifty-two week high of $198.28.

Institutional Investors Weigh In On ProShares UltraShort Semiconductors

An institutional investor recently raised its position in ProShares UltraShort Semiconductors stock. Csenge Advisory Group boosted its position in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 29.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,928 shares of the company’s stock after purchasing an additional 8,592 shares during the period. Csenge Advisory Group owned about 2.00% of ProShares UltraShort Semiconductors worth $350,000 as of its most recent SEC filing.

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.