Short Interest in ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Increases By 22.8%

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 2,319 shares, an increase of 22.8% from the December 15th total of 1,888 shares. Based on an average trading volume of 657 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.9% of the company’s stock are short sold. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 657 shares, the days-to-cover ratio is currently 3.5 days.

Hedge Funds Weigh In On ProShares UltraShort SmallCap 600

A hedge fund recently bought a new stake in ProShares UltraShort SmallCap 600 stock. WealthPlan Investment Management LLC acquired a new position in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,467 shares of the company’s stock, valued at approximately $164,000. WealthPlan Investment Management LLC owned approximately 8.44% of ProShares UltraShort SmallCap 600 at the end of the most recent quarter.

ProShares UltraShort SmallCap 600 Price Performance

Shares of NYSEARCA SDD traded up $0.09 during mid-day trading on Monday, reaching $10.93. The company had a trading volume of 471 shares, compared to its average volume of 1,352. The stock has a fifty day moving average of $12.41 and a two-hundred day moving average of $13.36. ProShares UltraShort SmallCap 600 has a 12-month low of $10.81 and a 12-month high of $24.76.

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.