ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Sees Significant Decline in Short Interest

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 1,200 shares, a drop of 36.4% from the February 12th total of 1,888 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 3,079 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 3,079 shares, the short-interest ratio is presently 0.4 days. Currently, 1.0% of the company’s stock are short sold.

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 bought a new stake in ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,800 shares of the company’s stock, valued at approximately $168,000. Susquehanna International Group LLP owned about 10.67% of ProShares UltraShort SmallCap 600 at the end of the most recent quarter.

ProShares UltraShort SmallCap 600 Stock Performance

ProShares UltraShort SmallCap 600 stock traded up $0.04 during mid-day trading on Friday, hitting $12.15. The company had a trading volume of 3,165 shares, compared to its average volume of 3,075. ProShares UltraShort SmallCap 600 has a 1 year low of $10.29 and a 1 year high of $24.76. The business has a fifty day moving average of $11.00 and a 200 day moving average of $12.29.

About ProShares UltraShort SmallCap 600

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.