Short Interest in ProShares UltraShort Utilities (NYSEARCA:SDP) Decreases By 41.7%

ProShares UltraShort Utilities (NYSEARCA:SDP) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 18,600 shares, a decrease of 41.7% from the May 15th total of 31,900 shares. Based on an average daily volume of 23,400 shares, the days-to-cover ratio is presently 0.8 days. Currently, 10.0% of the shares of the company are sold short.

ProShares UltraShort Utilities Stock Up 1.5%

ProShares UltraShort Utilities stock opened at $14.60 on Wednesday. The business has a 50 day moving average price of $14.77 and a two-hundred day moving average price of $15.53. ProShares UltraShort Utilities has a 12 month low of $13.63 and a 12 month high of $21.48.

ProShares UltraShort Utilities Company Profile

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities 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.