ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Shares Shorted: Short Interest Down 87.2% in September

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,514 shares, a drop of 87.2% from the September 15th total of 11,788 shares. Based on an average daily trading volume, of 1,791 shares, the short-interest ratio is currently 0.8 days. Approximately 0.9% of the shares of the company are short sold.

ProShares UltraShort SmallCap 600 Stock Down 0.3%

Shares of NYSEARCA SDD traded down $0.03 during mid-day trading on Friday, hitting $9.33. The company had a trading volume of 21 shares, compared to its average volume of 3,136. ProShares UltraShort SmallCap 600 has a 12 month low of $7.79 and a 12 month high of $14.68. The business’s 50-day simple moving average is $8.64 and its 200-day simple moving average is $9.12.

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About ProShares UltraShort SmallCap 600

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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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