ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Sees Large Increase in Short Interest

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 2,624 shares, an increase of 118.7% from the February 26th total of 1,200 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 7,537 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort SmallCap 600 Stock Performance

ProShares UltraShort SmallCap 600 stock traded up $0.24 on Thursday, hitting $11.69. 2,407 shares of the stock traded hands, compared to its average volume of 3,314. ProShares UltraShort SmallCap 600 has a 1 year low of $10.29 and a 1 year high of $24.76. The business’s fifty day simple moving average is $11.07 and its 200 day simple moving average is $12.21.

ProShares UltraShort SmallCap 600 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a dividend of $0.0821 per share. This represents a $0.33 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, March 25th.

Institutional Investors Weigh In On ProShares UltraShort SmallCap 600

An institutional investor recently bought a new position in ProShares UltraShort SmallCap 600 stock. Susquehanna International Group LLP purchased a new stake in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,800 shares of the company’s stock, valued at approximately $168,000. Susquehanna International Group LLP owned approximately 10.67% of ProShares UltraShort SmallCap 600 at the end of the most recent reporting period.

ProShares UltraShort SmallCap 600 Company Profile

ProShares UltraShort SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.