ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Sees Significant Increase in Short Interest

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,814 shares, an increase of 163.6% from the March 15th total of 1,826 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 14,109 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Mutual Advisors LLC bought a new position in shares of ProShares UltraShort Consumer Staples (NYSEARCA:SZK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,482 shares of the company’s stock, valued at approximately $190,000. Mutual Advisors LLC owned approximately 25.80% of ProShares UltraShort Consumer Staples as of its most recent SEC filing.

ProShares UltraShort Consumer Staples Price Performance

Shares of NYSEARCA SZK opened at $11.36 on Friday. The firm has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $11.93. ProShares UltraShort Consumer Staples has a 1 year low of $9.20 and a 1 year high of $13.86.

ProShares UltraShort Consumer Staples Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.0259 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.9%.

About ProShares UltraShort Consumer Staples

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.