ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Down 47.7% in May

ProShares UltraShort Dow30 (NYSEARCA:DXD) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 78,070 shares, a decline of 47.7% from the May 14th total of 149,194 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily volume of 3,066,277 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of ProShares UltraShort Dow30

A number of institutional investors have recently added to or reduced their stakes in DXD. Squarepoint Ops LLC boosted its holdings in ProShares UltraShort Dow30 by 199.4% during the second quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock worth $868,000 after buying an additional 23,831 shares in the last quarter. Jane Street Group LLC purchased a new stake in ProShares UltraShort Dow30 during the second quarter worth about $274,000. Simplex Trading LLC boosted its holdings in ProShares UltraShort Dow30 by 18.3% during the fourth quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 1,112 shares in the last quarter. HRT Financial LP purchased a new stake in ProShares UltraShort Dow30 during the fourth quarter worth about $340,000. Finally, Quadrature Capital Ltd purchased a new stake in ProShares UltraShort Dow30 during the fourth quarter worth about $929,000.

ProShares UltraShort Dow30 Trading Down 1.4%

NYSEARCA DXD traded down $0.25 during trading on Friday, reaching $18.05. The company’s stock had a trading volume of 1,183,681 shares, compared to its average volume of 2,686,069. ProShares UltraShort Dow30 has a twelve month low of $17.73 and a twelve month high of $26.91. The business’s fifty day moving average price is $19.32 and its 200-day moving average price is $20.03.

About ProShares UltraShort Dow30

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.