ProShares UltraShort S&P500 (NYSEARCA:SDS) Short Interest Update

ProShares UltraShort S&P500 (NYSEARCA:SDSGet Free Report) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 541,501 shares, a growth of 29.5% from the February 26th total of 418,105 shares. Currently, 10.9% of the company’s stock are short sold. Based on an average daily trading volume, of 5,428,526 shares, the short-interest ratio is currently 0.1 days.

ProShares UltraShort S&P500 Stock Performance

NYSEARCA SDS traded up $0.55 during trading hours on Monday, hitting $79.82. The company had a trading volume of 3,437,965 shares, compared to its average volume of 3,824,115. The business has a 50 day moving average of $69.89 and a 200-day moving average of $70.28. ProShares UltraShort S&P500 has a 1-year low of $65.71 and a 1-year high of $141.55.

ProShares UltraShort S&P500 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.4152 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $1.66 annualized dividend and a yield of 2.1%.

Hedge Funds Weigh In On ProShares UltraShort S&P500

A number of institutional investors have recently modified their holdings of the business. Colonial Trust Advisors acquired a new stake in ProShares UltraShort S&P500 during the 4th quarter worth $94,000. Global Trust Asset Management LLC acquired a new stake in shares of ProShares UltraShort S&P500 during the third quarter worth about $29,000. Simplex Trading LLC acquired a new stake in shares of ProShares UltraShort S&P500 during the fourth quarter worth about $159,000. Sunbelt Securities Inc. acquired a new position in ProShares UltraShort S&P500 in the 4th quarter valued at about $178,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in ProShares UltraShort S&P500 during the 4th quarter valued at approximately $205,000.

ProShares UltraShort S&P500 Company Profile

(Get Free Report)

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.

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