ProShares UltraShort Dow30 (NYSEARCA:DXD) Sees Large Growth in Short Interest

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 149,194 shares, an increase of 152.7% from the April 30th total of 59,046 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average daily volume of 1,259,909 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares UltraShort Dow30

A number of hedge funds have recently modified their holdings of the business. Simplex Trading LLC lifted its holdings in shares of ProShares UltraShort Dow30 by 18.3% during the fourth quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 1,112 shares during the period. Group One Trading LLC lifted its holdings in shares of ProShares UltraShort Dow30 by 2,264.8% during the first quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock worth $120,000 after purchasing an additional 5,209 shares during the period. Jane Street Group LLC acquired a new position in shares of ProShares UltraShort Dow30 during the second quarter worth $274,000. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Dow30 during the third quarter worth $291,000. Finally, HRT Financial LP acquired a new position in shares of ProShares UltraShort Dow30 during the fourth quarter worth $340,000.

ProShares UltraShort Dow30 Price Performance

Shares of NYSEARCA:DXD opened at $18.20 on Friday. The firm has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $20.27. ProShares UltraShort Dow30 has a one year low of $18.17 and a one year high of $27.01.

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.