ProShares UltraShort Dow30 (NYSEARCA:DXD) Stock Short Interest Report for October

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 145,874 shares, a decline of 59.5% from the September 30th total of 360,067 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average trading volume of 3,519,010 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of ProShares UltraShort Dow30

Hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in shares of ProShares UltraShort Dow30 during the second quarter worth $417,000. Group One Trading LLC lifted its holdings in shares of ProShares UltraShort Dow30 by 2,264.8% in the 1st quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock valued at $120,000 after purchasing an additional 5,209 shares during the last quarter. Finally, IMC Chicago LLC purchased a new position in ProShares UltraShort Dow30 during the 1st quarter worth approximately $2,189,000.

ProShares UltraShort Dow30 Trading Up 2.4%

Shares of NYSEARCA:DXD traded up $0.41 on Friday, hitting $17.67. 5,634,072 shares of the company were exchanged, compared to its average volume of 2,448,500. The stock’s 50 day moving average price is $17.32 and its 200 day moving average price is $18.58. ProShares UltraShort Dow30 has a 1-year low of $15.75 and a 1-year high of $23.29.

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.