ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Update

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 155,092 shares, a growth of 98.7% from the May 31st total of 78,070 shares. Based on an average daily trading volume, of 3,196,610 shares, the short-interest ratio is currently 0.0 days. Approximately 5.8% of the company’s shares are sold short.

ProShares UltraShort Dow30 Price Performance

Shares of DXD traded down $0.20 during mid-day trading on Wednesday, reaching $16.97. 352,878 shares of the company were exchanged, compared to its average volume of 2,548,022. The business has a 50 day simple moving average of $18.57 and a two-hundred day simple moving average of $19.72. ProShares UltraShort Dow30 has a 52 week low of $16.91 and a 52 week high of $25.22.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC boosted its stake 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. Simplex Trading LLC raised its stake 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 during the last quarter. Jane Street Group LLC bought a new position in ProShares UltraShort Dow30 during the second quarter worth $274,000. HRT Financial LP acquired a new position in ProShares UltraShort Dow30 in the fourth quarter valued at $340,000. Finally, Squarepoint Ops LLC boosted its position 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 valued at $868,000 after acquiring an additional 23,831 shares during the last quarter.

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.