ProShares UltraShort S&P500 (NYSEARCA:SDS) Short Interest Update

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 541,501 shares, an increase of 29.5% from the February 26th total of 418,105 shares. Based on an average daily trading volume, of 5,428,526 shares, the days-to-cover ratio is currently 0.1 days. Approximately 10.9% of the company’s stock are sold short.

Institutional Trading of ProShares UltraShort S&P500

Institutional investors and hedge funds have recently modified their holdings of the stock. Blueprint Investment Partners LLC acquired a new position in shares of ProShares UltraShort S&P500 during the 3rd quarter valued at about $361,000. Blueprint Financial Advisors LLC acquired a new stake in ProShares UltraShort S&P500 during the third quarter worth about $361,000. Foundations Investment Advisors LLC purchased a new position in ProShares UltraShort S&P500 during the third quarter worth about $453,000. Clough Capital Partners L P purchased a new stake in shares of ProShares UltraShort S&P500 in the 3rd quarter valued at approximately $6,886,000. Finally, Sollinda Capital Management LLC purchased a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter valued at approximately $19,051,000.

ProShares UltraShort S&P500 Stock Performance

NYSEARCA SDS traded down $4.57 on Tuesday, hitting $75.25. 7,161,665 shares of the company’s stock traded hands, compared to its average volume of 3,879,094. ProShares UltraShort S&P500 has a 1-year low of $65.71 and a 1-year high of $141.55. The firm’s 50-day moving average price is $69.89 and its two-hundred day moving average price is $70.28.

ProShares UltraShort S&P500 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.4152 per share. This represents a $1.66 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, March 25th.

ProShares UltraShort S&P500 Company Profile

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.