ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Down 47.7% in May

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 78,070 shares, a decline of 47.7% from the May 14th total of 149,194 shares. Based on an average daily trading volume, of 3,066,277 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.9% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares UltraShort Dow30

Several large investors have recently modified their holdings of the stock. Simplex Trading LLC raised its stake in shares of ProShares UltraShort Dow30 by 18.3% during the fourth quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 1,112 shares during the last quarter. Group One Trading LLC raised its position in ProShares UltraShort Dow30 by 2,264.8% in the first quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock worth $120,000 after acquiring an additional 5,209 shares in the last quarter. Jane Street Group LLC purchased a new position in ProShares UltraShort Dow30 in the second quarter worth $274,000. HRT Financial LP purchased a new position in ProShares UltraShort Dow30 in the fourth quarter worth $340,000. Finally, Squarepoint Ops LLC increased its position in shares of ProShares UltraShort Dow30 by 199.4% in the second quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock valued at $868,000 after buying an additional 23,831 shares in the last quarter.

ProShares UltraShort Dow30 Price Performance

Shares of DXD stock traded down $0.37 during trading hours on Monday, hitting $17.68. The stock had a trading volume of 1,853,358 shares, compared to its average volume of 2,678,700. ProShares UltraShort Dow30 has a twelve month low of $17.50 and a twelve month high of $26.91. The stock’s 50 day moving average is $19.23 and its 200 day moving average is $19.98.

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.