ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Update

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 132,479 shares, an increase of 21.5% from the December 31st total of 109,004 shares. Based on an average daily volume of 2,655,598 shares, the short-interest ratio is presently 0.0 days. Currently, 5.3% of the shares of the stock are sold short. Currently, 5.3% of the shares of the stock are sold short. Based on an average daily volume of 2,655,598 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On ProShares UltraShort Dow30

A number of hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new position in ProShares UltraShort Dow30 in the third quarter valued at $291,000. Bogart Wealth LLC purchased a new stake in shares of ProShares UltraShort Dow30 in the 3rd quarter valued at approximately $44,000. Squarepoint Ops LLC lifted its stake in ProShares UltraShort Dow30 by 199.4% during the second quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock worth $868,000 after purchasing an additional 23,831 shares during the last quarter. Jane Street Group LLC purchased a new stake in ProShares UltraShort Dow30 in the second quarter valued at $274,000. Finally, Simplex Trading LLC boosted its holdings in shares of ProShares UltraShort Dow30 by 292.1% in the second quarter. Simplex Trading LLC now owns 4,074 shares of the exchange traded fund’s stock valued at $98,000 after acquiring an additional 3,035 shares during the period.

ProShares UltraShort Dow30 Price Performance

Shares of NYSEARCA DXD traded up $0.35 during mid-day trading on Tuesday, reaching $19.83. The company’s stock had a trading volume of 1,777,414 shares, compared to its average volume of 2,293,042. The stock has a 50-day moving average of $20.19 and a two-hundred day moving average of $21.75. ProShares UltraShort Dow30 has a 1-year low of $19.25 and a 1-year high of $35.79.

About ProShares UltraShort Dow30

ProShares UltraShort Dow30 (the Fund), formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no predetermined criteria except that components should be established United States companies.