ProShares Short Dow30 (NYSEARCA:DOG) Short Interest Down 76.9% in May

ProShares Short Dow30 (NYSEARCA:DOG) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 74,172 shares, a decrease of 76.9% from the May 14th total of 320,538 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 1,534,016 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DOG. JPMorgan Chase & Co. grew its stake in ProShares Short Dow30 by 11,700.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock worth $30,000 after buying an additional 1,170 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of ProShares Short Dow30 by 122.7% in the second quarter. Squarepoint Ops LLC now owns 58,603 shares of the company’s stock worth $1,493,000 after purchasing an additional 32,283 shares in the last quarter. Jane Street Group LLC bought a new position in shares of ProShares Short Dow30 in the second quarter worth $670,000. Headlands Technologies LLC bought a new position in ProShares Short Dow30 during the second quarter valued at about $33,000. Finally, Oppenheimer & Co. Inc. bought a new position in ProShares Short Dow30 during the third quarter valued at about $1,116,000.

ProShares Short Dow30 Price Performance

DOG stock opened at $22.38 on Wednesday. ProShares Short Dow30 has a 12-month low of $22.02 and a 12-month high of $26.95. The stock’s 50 day simple moving average is $23.07 and its 200 day simple moving average is $23.34.

About ProShares Short Dow30

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse 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 DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.