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

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 626 shares, a drop 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 sold short.

ProShares UltraShort Consumer Staples Price Performance

SZK opened at $21.52 on Monday. The stock’s fifty day moving average is $21.69 and its 200-day moving average is $21.90. ProShares UltraShort Consumer Staples has a one year low of $18.40 and a one year high of $27.72.

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) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned about 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent quarter.

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.