ProShares UltraShort S&P500 (NYSEARCA:SDS) Short Interest Up 139.1% in August

ProShares UltraShort S&P500 (NYSEARCA:SDS) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 730,234 shares, an increase of 139.1% from the August 15th total of 305,431 shares. Currently, 10.0% of the company’s shares are short sold. Based on an average daily volume of 2,176,397 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort S&P500 Price Performance

Shares of ProShares UltraShort S&P500 stock traded up $0.52 during trading hours on Tuesday, hitting $56.05. The company’s stock had a trading volume of 1,173,945 shares, compared to its average volume of 3,493,472. The business has a fifty day moving average of $55.42 and a 200 day moving average of $60.98. ProShares UltraShort S&P500 has a 1-year low of $52.54 and a 1-year high of $80.50.

Institutional Investors Weigh In On ProShares UltraShort S&P500

Several institutional investors and hedge funds have recently modified their holdings of SDS. Integrated Advisors Network LLC grew its position in ProShares UltraShort S&P500 by 1,311.4% in the first quarter. Integrated Advisors Network LLC now owns 150,056 shares of the real estate investment trust’s stock valued at $11,292,000 after acquiring an additional 139,424 shares in the last quarter. IMC Chicago LLC lifted its position in shares of ProShares UltraShort S&P500 by 12.2% during the first quarter. IMC Chicago LLC now owns 101,929 shares of the real estate investment trust’s stock worth $7,670,000 after purchasing an additional 11,085 shares in the last quarter. Three Seasons Wealth LLC purchased a new position in shares of ProShares UltraShort S&P500 in the first quarter valued at $4,984,000. Two Sigma Securities LLC boosted its stake in shares of ProShares UltraShort S&P500 by 805.2% in the second quarter. Two Sigma Securities LLC now owns 33,500 shares of the real estate investment trust’s stock valued at $1,905,000 after purchasing an additional 29,799 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in ProShares UltraShort S&P500 during the 1st quarter worth $1,257,000.

About ProShares UltraShort S&P500

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.