ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Update

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 626 shares, a decline of 57.4% from the June 30th total of 1,471 shares. Based on an average daily volume of 791 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP purchased a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned approximately 21.02% of ProShares UltraShort Consumer Staples as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Consumer Staples Price Performance

SZK stock opened at $21.52 on Monday. ProShares UltraShort Consumer Staples has a 12 month low of $18.40 and a 12 month high of $27.72. The firm has a 50 day simple moving average of $21.69 and a 200 day simple moving average of $21.90.

ProShares UltraShort Consumer Staples Company Profile

ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Consumer Goods Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.