ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Update

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 101,250 shares, a drop of 23.6% from the January 15th total of 132,479 shares. Based on an average daily volume of 1,999,376 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.2% of the company’s shares are sold short. Currently, 4.2% of the company’s shares are sold short. Based on an average daily volume of 1,999,376 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On ProShares UltraShort Dow30

Several hedge funds have recently made changes to their positions in DXD. Simplex Trading LLC grew its position in ProShares UltraShort Dow30 by 292.1% during the 2nd quarter. Simplex Trading LLC now owns 4,074 shares of the exchange traded fund’s stock worth $98,000 after purchasing an additional 3,035 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of ProShares UltraShort Dow30 by 199.4% in the second quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock valued at $868,000 after purchasing an additional 23,831 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Dow30 in the second quarter worth $274,000. Bogart Wealth LLC purchased a new position in shares of ProShares UltraShort Dow30 during the third quarter valued at $44,000. Finally, IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Dow30 during the third quarter valued at $291,000.

ProShares UltraShort Dow30 Price Performance

NYSEARCA DXD traded down $0.05 on Friday, hitting $19.39. 2,664,410 shares of the company were exchanged, compared to its average volume of 2,318,287. ProShares UltraShort Dow30 has a twelve month low of $18.62 and a twelve month high of $35.79. The company’s 50 day moving average price is $19.87 and its 200-day moving average price is $21.49.

ProShares UltraShort Dow30 Company Profile

ProShares UltraShort Dow30 (the Fund), formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no predetermined criteria except that components should be established United States companies.