ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Sees Significant Drop in Short Interest

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 427,870 shares, a decrease of 36.5% from the May 14th total of 674,203 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily trading volume, of 4,914,241 shares, the short-interest ratio is currently 0.1 days.

ProShares UltraPro Short Dow30 Stock Performance

ProShares UltraPro Short Dow30 stock opened at $25.95 on Monday. The business has a fifty day moving average of $28.88 and a two-hundred day moving average of $30.66. ProShares UltraPro Short Dow30 has a twelve month low of $25.29 and a twelve month high of $48.39.

Institutional Trading of ProShares UltraPro Short Dow30

Hedge funds and other institutional investors have recently made changes to their positions in the business. IMC Chicago LLC acquired a new position in shares of ProShares UltraPro Short Dow30 in the 4th quarter valued at $3,393,000. Avidian Wealth Enterprises LLC acquired a new position in shares of ProShares UltraPro Short Dow30 in the 4th quarter valued at $639,000. Group One Trading LLC increased its position in shares of ProShares UltraPro Short Dow30 by 10.5% in the 3rd quarter. Group One Trading LLC now owns 13,117 shares of the exchange traded fund’s stock valued at $469,000 after acquiring an additional 1,248 shares during the period. XTX Topco Ltd increased its position in shares of ProShares UltraPro Short Dow30 by 10.8% in the 4th quarter. XTX Topco Ltd now owns 12,949 shares of the exchange traded fund’s stock valued at $414,000 after acquiring an additional 1,262 shares during the period. Finally, Corient Private Wealth LLC acquired a new position in shares of ProShares UltraPro Short Dow30 in the 2nd quarter valued at $207,000.

ProShares UltraPro Short Dow30 Company Profile

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.