ProShares UltraShort S&P500 (NYSEARCA:SDS) Sees Large Increase in Short Interest

ProShares UltraShort S&P500 (NYSEARCA:SDS) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 541,501 shares, a growth of 29.5% from the February 26th total of 418,105 shares. Based on an average trading volume of 5,428,526 shares, the short-interest ratio is presently 0.1 days. Approximately 10.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares UltraShort S&P500

Institutional investors have recently made changes to their positions in the business. Global Trust Asset Management LLC purchased a new position in ProShares UltraShort S&P500 in the 3rd quarter worth $29,000. Bogart Wealth LLC purchased a new stake in ProShares UltraShort S&P500 during the third quarter valued at about $51,000. JFS Wealth Advisors LLC purchased a new stake in ProShares UltraShort S&P500 during the third quarter valued at about $87,000. Colonial Trust Advisors bought a new position in shares of ProShares UltraShort S&P500 during the fourth quarter valued at about $94,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of ProShares UltraShort S&P500 by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 835 shares during the period.

ProShares UltraShort S&P500 Stock Up 3.5%

SDS traded up $2.68 during trading on Friday, reaching $79.27. The stock had a trading volume of 5,171,826 shares, compared to its average volume of 3,830,461. The business has a 50-day moving average of $69.63 and a 200-day moving average of $70.24. ProShares UltraShort S&P500 has a one year low of $65.71 and a one year high of $141.55.

ProShares UltraShort S&P500 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.4152 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $1.66 annualized dividend and a yield of 2.1%.

ProShares UltraShort S&P500 Company Profile

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.