ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Shares Shorted: Short Interest Up 62.3% in September

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,788 shares, an increase of 62.3% from the August 31st total of 7,262 shares. Currently, 7.4% of the company’s stock are short sold. Based on an average daily volume of 2,704 shares, the days-to-cover ratio is presently 4.4 days.

ProShares UltraShort SmallCap 600 Price Performance

NYSEARCA SDD opened at $9.40 on Friday. The business’s fifty day moving average price is $8.54 and its 200-day moving average price is $9.24. ProShares UltraShort SmallCap 600 has a 1-year low of $7.79 and a 1-year high of $14.68.

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.