ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Sees Significant Growth in Short Interest

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 1,125,631 shares, a growth of 44.0% from the February 12th total of 781,623 shares. Based on an average daily trading volume, of 5,399,760 shares, the short-interest ratio is presently 0.2 days. Currently, 19.6% of the company’s stock are sold short. Currently, 19.6% of the company’s stock are sold short. Based on an average daily trading volume, of 5,399,760 shares, the short-interest ratio is presently 0.2 days.

ProShares UltraPro Short Dow30 Trading Up 0.7%

Shares of NYSEARCA:SDOW traded up $0.26 during midday trading on Friday, hitting $35.04. 7,219,463 shares of the company’s stock were exchanged, compared to its average volume of 6,469,618. ProShares UltraPro Short Dow30 has a 12 month low of $27.55 and a 12 month high of $75.95. The stock has a 50 day moving average price of $30.18 and a 200-day moving average price of $33.13.

Institutional Trading of ProShares UltraPro Short Dow30

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its holdings in shares of ProShares UltraPro Short Dow30 by 246.1% in the second quarter. Squarepoint Ops LLC now owns 80,829 shares of the exchange traded fund’s stock valued at $3,352,000 after purchasing an additional 57,476 shares in the last quarter. Group One Trading LLC grew its holdings in ProShares UltraPro Short Dow30 by 10.5% during the third quarter. Group One Trading LLC now owns 13,117 shares of the exchange traded fund’s stock worth $469,000 after buying an additional 1,248 shares in the last quarter. Simplex Trading LLC bought a new stake in ProShares UltraPro Short Dow30 during the fourth quarter worth $550,000. Goldman Sachs Group Inc. purchased a new stake in ProShares UltraPro Short Dow30 in the 4th quarter valued at $1,598,000. Finally, Quadrature Capital Ltd purchased a new stake in ProShares UltraPro Short Dow30 in the 4th quarter valued at $3,681,000.

About ProShares UltraPro Short Dow30

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.