Short Interest in ProShares UltraPro Dow30 (NYSEARCA:UDOW) Drops By 14.8%

ProShares UltraPro Dow30 (NYSEARCA:UDOW) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,340,810 shares, a decline of 14.8% from the January 29th total of 1,573,662 shares. Approximately 10.7% of the shares of the company are short sold. Based on an average daily trading volume, of 5,116,591 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 5,116,591 shares, the days-to-cover ratio is currently 0.3 days. Approximately 10.7% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares UltraPro Dow30

Large investors have recently modified their holdings of the stock. Simplex Trading LLC lifted its position in ProShares UltraPro Dow30 by 237.8% during the 2nd quarter. Simplex Trading LLC now owns 9,991 shares of the company’s stock worth $943,000 after buying an additional 7,033 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of ProShares UltraPro Dow30 by 35.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,563 shares of the company’s stock worth $148,000 after buying an additional 412 shares during the period. Citizens Financial Group Inc. RI bought a new position in shares of ProShares UltraPro Dow30 during the second quarter worth $368,000. Flow Traders U.S. LLC raised its stake in ProShares UltraPro Dow30 by 139.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 64,238 shares of the company’s stock worth $6,065,000 after buying an additional 37,357 shares during the period. Finally, Two Sigma Securities LLC increased its stake in ProShares UltraPro Dow30 by 21.3% during the 2nd quarter. Two Sigma Securities LLC now owns 5,491 shares of the company’s stock worth $518,000 after purchasing an additional 965 shares in the last quarter.

ProShares UltraPro Dow30 Stock Performance

Shares of NYSEARCA:UDOW traded up $1.02 during midday trading on Wednesday, reaching $59.49. 2,349,334 shares of the company’s stock were exchanged, compared to its average volume of 4,360,275. The company’s 50 day simple moving average is $61.44 and its two-hundred day simple moving average is $56.79. ProShares UltraPro Dow30 has a 12 month low of $28.45 and a 12 month high of $66.21. The firm has a market capitalization of $746.60 million, a PE ratio of 20.47 and a beta of 2.79.

About ProShares UltraPro Dow30

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.