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 during the month of February. As of February 13th, there was short interest totaling 182,768 shares, an increase of 80.5% from the January 29th total of 101,250 shares. Approximately 7.6% of the company’s stock are sold short. Based on an average trading volume of 2,300,034 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 2,300,034 shares, the days-to-cover ratio is currently 0.1 days. Approximately 7.6% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares UltraShort Dow30

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in ProShares UltraShort Dow30 during the fourth quarter worth $929,000. Squarepoint Ops LLC grew its position in shares of ProShares UltraShort Dow30 by 199.4% in the 2nd quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock valued at $868,000 after acquiring an additional 23,831 shares during the period. HRT Financial LP bought a new stake in shares of ProShares UltraShort Dow30 in the 4th quarter valued at about $340,000. IMC Chicago LLC bought a new position in ProShares UltraShort Dow30 during the third quarter worth about $291,000. Finally, Jane Street Group LLC bought a new position in ProShares UltraShort Dow30 during the second quarter worth about $274,000.

ProShares UltraShort Dow30 Stock Performance

NYSEARCA DXD traded up $0.43 during trading hours on Friday, hitting $19.84. 7,382,733 shares of the company traded hands, compared to its average volume of 2,667,534. The business’s 50-day moving average is $19.65 and its 200-day moving average is $21.17. ProShares UltraShort Dow30 has a twelve month low of $18.62 and a twelve month high of $35.79.

About ProShares UltraShort Dow30

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.