ProShares UltraShort Dow30 (NYSEARCA:DXD) Sees Large Growth in Short Interest

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 132,479 shares, an increase of 21.5% from the December 31st total of 109,004 shares. Based on an average trading volume of 2,655,598 shares, the days-to-cover ratio is presently 0.0 days. Currently, 5.3% of the shares of the company are sold short. Currently, 5.3% of the shares of the company are sold short. Based on an average trading volume of 2,655,598 shares, the days-to-cover ratio is presently 0.0 days.

ProShares UltraShort Dow30 Stock Performance

Shares of NYSEARCA:DXD traded down $0.28 on Wednesday, reaching $19.33. 206,624 shares of the company’s stock were exchanged, compared to its average volume of 2,246,061. ProShares UltraShort Dow30 has a twelve month low of $19.25 and a twelve month high of $35.79. The company has a fifty day moving average of $20.15 and a 200-day moving average of $21.72.

Institutional Trading of ProShares UltraShort Dow30

Several large investors have recently modified their holdings of DXD. Squarepoint Ops LLC raised its stake in 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 purchasing an additional 23,831 shares in the last quarter. IMC Chicago LLC acquired a new stake in ProShares UltraShort Dow30 during the third quarter worth about $291,000. Jane Street Group LLC bought a new position in ProShares UltraShort Dow30 in the 2nd quarter valued at about $274,000. Simplex Trading LLC increased its holdings in ProShares UltraShort Dow30 by 292.1% in the 2nd quarter. Simplex Trading LLC now owns 4,074 shares of the exchange traded fund’s stock valued at $98,000 after buying an additional 3,035 shares during the period. Finally, Bogart Wealth LLC acquired a new position in shares of ProShares UltraShort Dow30 in the 3rd quarter valued at approximately $44,000.

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.