ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Short Interest Up 130.4% in August

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,680 shares, an increase of 130.4% from the July 30th total of 2,031 shares. Based on an average trading volume of 1,397 shares, the days-to-cover ratio is presently 3.4 days. Approximately 2.9% of the shares of the company are short sold.

ProShares UltraShort SmallCap 600 Stock Up 1.3%

Shares of SDD stock traded up $0.11 during mid-day trading on Friday, reaching $8.38. The stock had a trading volume of 191 shares, compared to its average volume of 3,297. The business’s fifty day moving average is $8.22 and its 200-day moving average is $9.57. ProShares UltraShort SmallCap 600 has a 1-year low of $7.79 and a 1-year high of $14.68.

Hedge Funds Weigh In On ProShares UltraShort SmallCap 600

An institutional investor recently bought a new position in ProShares UltraShort SmallCap 600 stock. Susquehanna International Group LLP acquired a new stake in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,800 shares of the company’s stock, valued at approximately $168,000. Susquehanna International Group LLP owned 10.67% of ProShares UltraShort SmallCap 600 at the end of the most recent quarter.

About ProShares UltraShort SmallCap 600

ProShares UltraShort SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P SmallCap 600 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.