ProShares UltraPro Dow30 (NYSEARCA:UDOW) Short Interest Up 28.0% in January

ProShares UltraPro Dow30 (NYSEARCA:UDOW) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,573,662 shares, an increase of 28.0% from the January 15th total of 1,229,489 shares. Approximately 12.5% of the shares of the company are short sold. Based on an average daily volume of 3,850,382 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 3,850,382 shares, the short-interest ratio is presently 0.4 days. Approximately 12.5% of the shares of the company are short sold.

ProShares UltraPro Dow30 Price Performance

UDOW stock traded up $0.20 during midday trading on Monday, hitting $62.23. 4,003,935 shares of the stock traded hands, compared to its average volume of 4,525,154. ProShares UltraPro Dow30 has a 1-year low of $28.45 and a 1-year high of $66.21. The stock’s fifty day simple moving average is $60.82 and its 200-day simple moving average is $55.61. The firm has a market cap of $780.99 million, a P/E ratio of 20.47 and a beta of 2.79.

Hedge Funds Weigh In On ProShares UltraPro Dow30

Several hedge funds and other institutional investors have recently modified their holdings of UDOW. Squarepoint Ops LLC acquired a new position in shares of ProShares UltraPro Dow30 in the 4th quarter worth approximately $2,533,000. Flow Traders U.S. LLC raised its holdings in shares of ProShares UltraPro Dow30 by 139.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 64,238 shares of the company’s stock valued at $6,065,000 after buying an additional 37,357 shares during the period. Quadrature Capital Ltd acquired a new position in ProShares UltraPro Dow30 during the 3rd quarter worth about $3,456,000. FNY Investment Advisers LLC purchased a new position in ProShares UltraPro Dow30 during the 4th quarter valued at about $1,546,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in ProShares UltraPro Dow30 in the 2nd quarter valued at about $2,267,000.

ProShares UltraPro Dow30 Company Profile

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.