ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Up 168.7% in July

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 278,946 shares, an increase of 168.7% from the July 15th total of 103,828 shares. Based on an average trading volume of 592,181 shares, the short-interest ratio is currently 0.5 days. Approximately 11.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Group One Trading LLC raised its stake in shares of ProShares UltraShort Dow30 by 2,264.8% during the 1st quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock worth $120,000 after purchasing an additional 5,209 shares in the last quarter. Simplex Trading LLC grew its stake in shares of ProShares UltraShort Dow30 by 18.3% in the 4th quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock valued at $147,000 after buying an additional 1,112 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Dow30 in the 2nd quarter valued at approximately $274,000. HRT Financial LP acquired a new position in ProShares UltraShort Dow30 in the fourth quarter worth approximately $340,000. Finally, Squarepoint Ops LLC increased its holdings 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 worth $868,000 after buying an additional 23,831 shares during the last quarter.

ProShares UltraShort Dow30 Stock Down 0.2%

NYSEARCA DXD opened at $16.32 on Friday. ProShares UltraShort Dow30 has a 1-year low of $15.75 and a 1-year high of $23.92. The firm’s fifty day simple moving average is $17.26 and its 200-day simple moving average is $19.03.

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.