ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Sees Significant Decline in Short Interest

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 462,443 shares, a decrease of 17.0% from the March 31st total of 557,063 shares. Approximately 7.1% of the shares of the company are sold short. Based on an average trading volume of 6,125,215 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Game Plan Financial Advisors LLC acquired a new position in shares of ProShares UltraPro Short Dow30 during the 3rd quarter worth approximately $36,000. JPMorgan Chase & Co. grew its position in shares of ProShares UltraPro Short Dow30 by 164.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,815 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 1,751 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of ProShares UltraPro Short Dow30 by 120.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,863 shares of the exchange traded fund’s stock worth $202,000 after purchasing an additional 2,657 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of ProShares UltraPro Short Dow30 during the 2nd quarter worth approximately $207,000. Finally, Group One Trading LLC acquired a new position in shares of ProShares UltraPro Short Dow30 during the 2nd quarter worth approximately $492,000.

ProShares UltraPro Short Dow30 Stock Up 1.1%

ProShares UltraPro Short Dow30 stock traded up $0.30 during trading hours on Friday, hitting $28.84. The company had a trading volume of 4,505,579 shares, compared to its average volume of 6,635,009. The firm has a 50-day moving average of $32.37 and a 200 day moving average of $32.20. ProShares UltraPro Short Dow30 has a one year low of $27.55 and a one year high of $52.99.

About ProShares UltraPro Short Dow30

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.