Short Interest in ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Decreases By 17.0%

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 462,443 shares, a drop of 17.0% from the March 31st total of 557,063 shares. Currently, 7.1% of the company’s stock are short sold. Based on an average trading volume of 6,125,215 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraPro Short Dow30 Price Performance

NYSEARCA SDOW traded up $0.30 on Friday, hitting $28.84. The stock had a trading volume of 4,505,579 shares, compared to its average volume of 6,635,009. The business’s fifty day moving average price is $32.37 and its 200 day moving average price is $32.20. ProShares UltraPro Short Dow30 has a 52-week low of $27.55 and a 52-week high of $52.99.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new stake in shares of ProShares UltraPro Short Dow30 during the fourth quarter worth $3,681,000. IMC Chicago LLC acquired a new position in shares of ProShares UltraPro Short Dow30 in the 4th quarter valued at $3,393,000. Squarepoint Ops LLC raised its stake in ProShares UltraPro Short Dow30 by 246.1% in the 2nd quarter. Squarepoint Ops LLC now owns 80,829 shares of the exchange traded fund’s stock worth $3,352,000 after acquiring an additional 57,476 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in ProShares UltraPro Short Dow30 in the 4th quarter worth $1,598,000. Finally, Tower Research Capital LLC TRC lifted its position in ProShares UltraPro Short Dow30 by 619.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 36,892 shares of the exchange traded fund’s stock worth $1,319,000 after acquiring an additional 31,766 shares during the period.

About ProShares UltraPro Short Dow30

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.