ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Short Interest Up 71.2% in March

ProShares UltraShort SmallCap 600 (NYSEARCA:SDDGet Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 4,493 shares, a growth of 71.2% from the March 15th total of 2,624 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 15,165 shares, the days-to-cover ratio is currently 0.3 days.

ProShares UltraShort SmallCap 600 Stock Performance

Shares of NYSEARCA SDD traded up $0.08 during trading hours on Monday, reaching $10.52. The stock had a trading volume of 117 shares, compared to its average volume of 5,260. The business’s fifty day moving average is $11.14 and its two-hundred day moving average is $12.04. ProShares UltraShort SmallCap 600 has a twelve month low of $10.29 and a twelve month high of $22.47.

ProShares UltraShort SmallCap 600 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a $0.0821 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.33 annualized dividend and a yield of 3.1%.

Institutional Trading of ProShares UltraShort SmallCap 600

A hedge fund recently raised its stake in ProShares UltraShort SmallCap 600 stock. WealthPlan Investment Management LLC boosted its stake in ProShares UltraShort SmallCap 600 (NYSEARCA:SDDFree Report) by 95.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,467 shares of the company’s stock after buying an additional 10,000 shares during the quarter. WealthPlan Investment Management LLC owned approximately 17.06% of ProShares UltraShort SmallCap 600 worth $256,000 at the end of the most recent quarter.

About ProShares UltraShort SmallCap 600

(Get Free Report)

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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