ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Short Interest Up 89.6% in June

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 811,181 shares, a growth of 89.6% from the May 31st total of 427,870 shares. Based on an average daily volume of 5,492,958 shares, the short-interest ratio is currently 0.1 days. Currently, 12.9% of the shares of the company are short sold.

ProShares UltraPro Short Dow30 Stock Performance

Shares of NYSEARCA SDOW traded down $0.10 during midday trading on Wednesday, reaching $24.07. 2,664,244 shares of the company were exchanged, compared to its average volume of 6,004,313. ProShares UltraPro Short Dow30 has a 1 year low of $23.58 and a 1 year high of $43.92. The stock has a fifty day simple moving average of $27.16 and a 200 day simple moving average of $29.97.

Hedge Funds Weigh In On ProShares UltraPro Short Dow30

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC increased its stake in ProShares UltraPro Short Dow30 by 0.5% in the 3rd quarter. Squarepoint Ops LLC now owns 81,210 shares of the exchange traded fund’s stock valued at $2,902,000 after buying an additional 381 shares during the period. Group One Trading LLC increased its stake in shares of ProShares UltraPro Short Dow30 by 2.9% during the fourth quarter. Group One Trading LLC now owns 13,501 shares of the exchange traded fund’s stock worth $431,000 after acquiring an additional 384 shares during the period. Parallel Advisors LLC raised its holdings in ProShares UltraPro Short Dow30 by 261.9% during the first quarter. Parallel Advisors LLC now owns 1,737 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 1,257 shares in the last quarter. XTX Topco Ltd raised its holdings in ProShares UltraPro Short Dow30 by 10.8% during the fourth quarter. XTX Topco Ltd now owns 12,949 shares of the exchange traded fund’s stock worth $414,000 after purchasing an additional 1,262 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in ProShares UltraPro Short Dow30 by 164.6% in the second quarter. JPMorgan Chase & Co. now owns 2,815 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 1,751 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.