Short Interest in ProShares Ultra Consumer Staples (NYSEARCA:UGE) Increases By 80.1%

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 45,912 shares, an increase of 80.1% from the June 15th total of 25,487 shares. Approximately 7.5% of the shares of the company are short sold. Based on an average daily trading volume, of 88,951 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in ProShares Ultra Consumer Staples by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after acquiring an additional 6,100 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of ProShares Ultra Consumer Staples during the 3rd quarter worth approximately $478,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Consumer Staples during the 1st quarter worth approximately $601,000.

ProShares Ultra Consumer Staples Stock Down 1.3%

Shares of UGE stock opened at $19.56 on Friday. ProShares Ultra Consumer Staples has a 12 month low of $15.74 and a 12 month high of $22.26. The firm has a market cap of $10.37 million, a PE ratio of 23.21 and a beta of 1.33. The stock has a 50 day moving average of $19.15 and a 200-day moving average of $19.15.

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.