ProShares UltraShort Utilities (NYSEARCA:SDP) Short Interest Up 224.6% in August

ProShares UltraShort Utilities (NYSEARCA:SDP) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 6,077 shares, a growth of 224.6% from the August 15th total of 1,872 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average trading volume of 4,641 shares, the short-interest ratio is currently 1.3 days.

ProShares UltraShort Utilities Stock Up 0.9%

NYSEARCA:SDP traded up $0.21 during midday trading on Friday, hitting $24.72. The stock had a trading volume of 15,387 shares, compared to its average volume of 5,840. ProShares UltraShort Utilities has a one year low of $19.78 and a one year high of $26.77. The stock has a 50-day moving average of $22.77 and a 200 day moving average of $22.05.

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.