ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Update

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 6,800 shares, a decrease of 63.8% from the August 15th total of 18,800 shares. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.6% of the company’s stock are short sold. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is presently 0.3 days.

ProShares Ultra Consumer Staples Stock Down 0.7%

UGE opened at $17.99 on Friday. ProShares Ultra Consumer Staples has a 52-week low of $16.66 and a 52-week high of $20.97. The company has a market cap of $7.74 million, a P/E ratio of 23.21 and a beta of 1.86. The firm’s 50-day moving average price is $18.49 and its 200-day moving average price is $18.66.

Hedge Funds Weigh In On ProShares Ultra Consumer Staples

An institutional investor recently raised its position in ProShares Ultra Consumer Staples stock. EverSource Wealth Advisors LLC raised its position in shares of ProShares Ultra Consumer Staples (NYSEARCA:UGE) by 332.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,935 shares of the company’s stock after purchasing an additional 6,100 shares during the quarter. EverSource Wealth Advisors LLC owned 1.85% of ProShares Ultra Consumer Staples worth $147,000 at the end of the most recent reporting period.

ProShares Ultra Consumer Staples Company Profile

ProShares Ultra Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) 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, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.