Short Interest in ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Expands By 43.5%

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,888 shares, an increase of 43.5% from the January 29th total of 1,316 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,315 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 1,315 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort SmallCap 600 stock. Susquehanna International Group LLP acquired a new position in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent SEC filing.

ProShares UltraShort SmallCap 600 Stock Performance

Shares of SDD traded up $0.35 during mid-day trading on Friday, reaching $10.82. The company’s stock had a trading volume of 2,173 shares, compared to its average volume of 1,940. ProShares UltraShort SmallCap 600 has a 1-year low of $10.29 and a 1-year high of $24.76. The business has a 50-day simple moving average of $11.15 and a two-hundred day simple moving average of $12.48.

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.