Short Interest in ProShares UltraShort Dow30 (NYSEARCA:DXD) Rises By 98.7%

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 155,092 shares, a growth of 98.7% from the May 31st total of 78,070 shares. Based on an average daily trading volume, of 3,196,610 shares, the days-to-cover ratio is presently 0.0 days. Currently, 5.8% of the company’s shares are sold short.

ProShares UltraShort Dow30 Trading Down 2.2%

Shares of NYSEARCA DXD traded down $0.37 during midday trading on Thursday, reaching $16.83. The company had a trading volume of 1,278,144 shares, compared to its average volume of 2,539,209. ProShares UltraShort Dow30 has a one year low of $16.82 and a one year high of $25.22. The firm’s fifty day moving average price is $18.53 and its 200-day moving average price is $19.70.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DXD. Group One Trading LLC boosted its position in ProShares UltraShort Dow30 by 2,264.8% during the 1st quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock valued at $120,000 after buying an additional 5,209 shares during the period. Simplex Trading LLC increased its position in shares of ProShares UltraShort Dow30 by 18.3% in the fourth quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock valued at $147,000 after acquiring an additional 1,112 shares during the period. Jane Street Group LLC bought a new position in shares of ProShares UltraShort Dow30 during the second quarter valued at about $274,000. HRT Financial LP bought a new position in shares of ProShares UltraShort Dow30 during the fourth quarter valued at about $340,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of ProShares UltraShort Dow30 by 199.4% during the second quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock worth $868,000 after purchasing an additional 23,831 shares during the period.

About ProShares UltraShort Dow30

ProShares UltraShort Dow30 (the Fund), formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no predetermined criteria except that components should be established United States companies.