ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,680 shares, an increase of 130.4% from the July 30th total of 2,031 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily volume of 1,397 shares, the days-to-cover ratio is currently 3.4 days.
Hedge Funds Weigh In On ProShares UltraShort SmallCap 600
A hedge fund recently raised its stake in ProShares UltraShort SmallCap 600 stock. WealthPlan Investment Management LLC boosted its holdings in ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Free Report) by 95.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,467 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. WealthPlan Investment Management LLC owned about 17.06% of ProShares UltraShort SmallCap 600 worth $256,000 at the end of the most recent quarter.
ProShares UltraShort SmallCap 600 Trading Up 1.3%
NYSEARCA:SDD traded up $0.11 during mid-day trading on Friday, reaching $8.38. 191 shares of the stock were exchanged, compared to its average volume of 3,297. ProShares UltraShort SmallCap 600 has a 1 year low of $7.79 and a 1 year high of $14.68. The company has a 50 day simple moving average of $8.22 and a 200-day simple moving average of $9.57.
ProShares UltraShort SmallCap 600 Company Profile
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.
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