ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Update

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 216,225 shares, a drop of 32.7% from the August 15th total of 321,233 shares. Based on an average trading volume of 1,287,353 shares, the short-interest ratio is currently 0.2 days. Approximately 9.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Group One Trading LLC raised its stake in ProShares UltraShort Dow30 by 2,264.8% during the 1st 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. Squarepoint Ops LLC acquired a new position in ProShares UltraShort Dow30 in the second quarter valued at $417,000. Finally, IMC Chicago LLC acquired a new position in ProShares UltraShort Dow30 in the first quarter valued at $2,189,000.

ProShares UltraShort Dow30 Stock Up 0.5%

Shares of DXD opened at $17.73 on Friday. The stock has a 50 day moving average price of $16.90 and a 200 day moving average price of $18.57. ProShares UltraShort Dow30 has a 52-week low of $15.75 and a 52-week high of $23.29.

ProShares UltraShort Dow30 Company Profile

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.