ProShares UltraShort Utilities (NYSEARCA:SDP) Sees Significant Growth in Short Interest

ProShares UltraShort Utilities (NYSEARCA:SDP) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 12,405 shares, an increase of 73.8% from the January 29th total of 7,139 shares. Based on an average trading volume of 20,400 shares, the short-interest ratio is presently 0.6 days. Currently, 6.5% of the company’s stock are short sold. Currently, 6.5% of the company’s stock are short sold. Based on an average trading volume of 20,400 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of ProShares UltraShort Utilities

An institutional investor recently bought a new position in ProShares UltraShort Utilities stock. IMC Chicago LLC bought a new position in ProShares UltraShort Utilities (NYSEARCA:SDP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 86,608 shares of the company’s stock, valued at approximately $1,080,000. IMC Chicago LLC owned approximately 45.58% of ProShares UltraShort Utilities as of its most recent SEC filing.

ProShares UltraShort Utilities Stock Performance

Shares of NYSEARCA SDP opened at $10.03 on Monday. ProShares UltraShort Utilities has a one year low of $10.00 and a one year high of $18.60. The business’s 50-day moving average price is $11.90 and its two-hundred day moving average price is $12.12.

About ProShares UltraShort Utilities

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.