Short Interest in ProShares UltraShort Utilities (NYSEARCA:SDP) Grows By 73.8%

ProShares UltraShort Utilities (NYSEARCA:SDP) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 12,405 shares, an increase of 73.8% from the January 29th total of 7,139 shares. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 6.5% of the company’s shares are sold short. Approximately 6.5% of the company’s shares are sold short. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort Utilities stock. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Utilities (NYSEARCA:SDP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 86,608 shares of the company’s stock, valued at approximately $1,080,000. IMC Chicago LLC owned approximately 45.58% of ProShares UltraShort Utilities at the end of the most recent reporting period.

ProShares UltraShort Utilities Stock Performance

ProShares UltraShort Utilities stock traded down $0.24 during mid-day trading on Friday, hitting $10.03. The company’s stock had a trading volume of 15,980 shares, compared to its average volume of 12,233. The company has a 50 day moving average of $11.90 and a 200-day moving average of $12.13. ProShares UltraShort Utilities has a one year low of $10.00 and a one year high of $18.60.

About ProShares UltraShort Utilities

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.