ProShares UltraShort Utilities (NYSEARCA:SDP) Sees Large Growth in Short Interest

ProShares UltraShort Utilities (NYSEARCA:SDP) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 13,498 shares, a growth of 88.8% from the November 30th total of 7,151 shares. Based on an average trading volume of 23,937 shares, the short-interest ratio is currently 0.6 days. Approximately 3.3% of the company’s stock are short sold. Approximately 3.3% of the company’s stock are short sold. Based on an average trading volume of 23,937 shares, the short-interest ratio is currently 0.6 days.

ProShares UltraShort Utilities Stock Performance

SDP traded up $0.04 on Friday, reaching $12.41. The company’s stock had a trading volume of 2,329 shares, compared to its average volume of 17,975. ProShares UltraShort Utilities has a fifty-two week low of $10.61 and a fifty-two week high of $18.60. The stock has a 50 day moving average of $12.00 and a two-hundred day moving average of $12.66.

About ProShares UltraShort Utilities

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities 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.