ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Down 42.2% in January

by · The Cerbat Gem

ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Get Free Report) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,754 shares, a decline of 42.2% from the January 15th total of 3,035 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average trading volume of 4,159 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 4,159 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.9% of the shares of the company are sold short.

ProShares UltraShort Consumer Staples Price Performance

NYSEARCA SZK traded down $0.03 on Friday, reaching $9.71. 26,008 shares of the stock were exchanged, compared to its average volume of 14,274. ProShares UltraShort Consumer Staples has a one year low of $9.20 and a one year high of $13.91. The company’s 50-day simple moving average is $11.83 and its two-hundred day simple moving average is $12.27.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP purchased a new position in ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.

About ProShares UltraShort Consumer Staples

(Get Free Report)

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.

See Also