ProShares UltraShort Utilities (NYSEARCA:SDP) Short Interest Update

ProShares UltraShort Utilities (NYSEARCA:SDP) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 3,029 shares, a decline of 67.4% from the May 14th total of 9,287 shares. Based on an average daily trading volume, of 3,180 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.4% of the shares of the stock are short sold.

ProShares UltraShort Utilities Stock Down 1.8%

Shares of SDP stock traded down $0.42 during midday trading on Friday, reaching $22.72. 3,308 shares of the company were exchanged, compared to its average volume of 5,797. ProShares UltraShort Utilities has a 12 month low of $19.78 and a 12 month high of $29.46. The company’s 50 day moving average price is $21.99 and its two-hundred day moving average price is $22.87.

Institutional Trading of ProShares UltraShort Utilities

An institutional investor recently bought a new position in ProShares UltraShort Utilities stock. IMC Chicago LLC bought a new position in ProShares UltraShort Utilities (NYSEARCA:SDP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 86,608 shares of the company’s stock, valued at approximately $1,080,000. IMC Chicago LLC owned approximately 45.58% of ProShares UltraShort Utilities at the end of the most recent reporting period.

ProShares UltraShort Utilities Company Profile

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities 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.