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

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 759,876 shares, an increase of 42.3% from the December 31st total of 533,813 shares. Approximately 12.9% of the company’s shares are short sold. Based on an average daily volume of 5,506,763 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 5,506,763 shares, the days-to-cover ratio is currently 0.1 days. Approximately 12.9% of the company’s shares are short sold.

Institutional Trading of ProShares UltraPro Short Dow30

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC raised its position in shares of ProShares UltraPro Short Dow30 by 0.5% in the 3rd quarter. Squarepoint Ops LLC now owns 81,210 shares of the exchange traded fund’s stock valued at $2,902,000 after acquiring an additional 381 shares during the period. Game Plan Financial Advisors LLC bought a new stake in ProShares UltraPro Short Dow30 in the third quarter valued at approximately $36,000. Group One Trading LLC raised its holdings in ProShares UltraPro Short Dow30 by 10.5% in the third quarter. Group One Trading LLC now owns 13,117 shares of the exchange traded fund’s stock worth $469,000 after purchasing an additional 1,248 shares during the period. JPMorgan Chase & Co. raised its holdings in ProShares UltraPro Short Dow30 by 164.6% in the second 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 during the period. Finally, BNP Paribas Financial Markets boosted its position 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 in the last quarter.

ProShares UltraPro Short Dow30 Stock Down 3.1%

Shares of NYSEARCA:SDOW traded down $0.93 during midday trading on Monday, hitting $29.52. The company had a trading volume of 4,161,036 shares, compared to its average volume of 4,976,640. ProShares UltraPro Short Dow30 has a 12 month low of $29.05 and a 12 month high of $75.95. The firm has a fifty day simple moving average of $31.23 and a 200 day simple moving average of $35.11.

ProShares UltraPro Short Dow30 Company Profile

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.