Short Interest in ProShares UltraPro Dow30 (NYSEARCA:UDOW) Decreases By 34.2%

ProShares UltraPro Dow30 (NYSEARCA:UDOW) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 826,936 shares, a decrease of 34.2% from the February 26th total of 1,257,580 shares. Currently, 6.6% of the shares of the stock are sold short. Based on an average trading volume of 5,297,890 shares, the short-interest ratio is currently 0.2 days.

ProShares UltraPro Dow30 Stock Performance

NYSEARCA:UDOW traded down $2.59 during mid-day trading on Friday, hitting $46.55. 7,649,569 shares of the company’s stock traded hands, compared to its average volume of 4,837,332. The company has a market cap of $584.20 million, a PE ratio of 20.47 and a beta of 2.79. The firm’s 50 day simple moving average is $58.31 and its 200 day simple moving average is $56.99. ProShares UltraPro Dow30 has a 1 year low of $28.45 and a 1 year high of $66.21.

ProShares UltraPro Dow30 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.1437 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, March 25th.

Institutional Investors Weigh In On ProShares UltraPro Dow30

Institutional investors and hedge funds have recently bought and sold shares of the stock. CPR Investments Inc. boosted its stake in ProShares UltraPro Dow30 by 1.2% in the 3rd quarter. CPR Investments Inc. now owns 8,109 shares of the company’s stock worth $868,000 after buying an additional 96 shares during the last quarter. Millington Financial Advisors LLC increased its stake in shares of ProShares UltraPro Dow30 by 1.3% during the 3rd quarter. Millington Financial Advisors LLC now owns 8,309 shares of the company’s stock valued at $867,000 after acquiring an additional 105 shares during the last quarter. Significant Wealth Partners LLC increased its stake in shares of ProShares UltraPro Dow30 by 1.2% during the 3rd quarter. Significant Wealth Partners LLC now owns 9,083 shares of the company’s stock valued at $972,000 after acquiring an additional 109 shares during the last quarter. Founders Financial Securities LLC lifted its holdings in shares of ProShares UltraPro Dow30 by 1.9% during the 3rd quarter. Founders Financial Securities LLC now owns 8,206 shares of the company’s stock worth $878,000 after acquiring an additional 150 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of ProShares UltraPro Dow30 by 100.0% during the 4th quarter. NewEdge Advisors LLC now owns 470 shares of the company’s stock worth $27,000 after acquiring an additional 235 shares during the period.

About ProShares UltraPro Dow30

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.