ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Short Interest Update

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 811,181 shares, a growth of 89.6% from the May 31st total of 427,870 shares. Approximately 12.9% of the company’s shares are short sold. Based on an average daily volume of 5,492,958 shares, the days-to-cover ratio is currently 0.1 days.

ProShares UltraPro Short Dow30 Stock Performance

Shares of SDOW stock traded down $0.71 during mid-day trading on Thursday, reaching $23.46. 4,975,305 shares of the stock traded hands, compared to its average volume of 6,001,289. The stock’s fifty day simple moving average is $27.07 and its two-hundred day simple moving average is $29.92. ProShares UltraPro Short Dow30 has a 1-year low of $23.41 and a 1-year high of $43.92.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SDOW. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 1,751 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of ProShares UltraPro Short Dow30 by 246.1% during the second quarter. Squarepoint Ops LLC now owns 80,829 shares of the exchange traded fund’s stock valued at $3,352,000 after acquiring an additional 57,476 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of ProShares UltraPro Short Dow30 by 120.4% during the second 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 during the period. Group One Trading LLC acquired a new position in shares of ProShares UltraPro Short Dow30 during the second quarter worth $492,000. Finally, Corient Private Wealth LLC bought a new stake in shares of ProShares UltraPro Short Dow30 in the second quarter worth $207,000.

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.