ProShares UltraShort Dow30 (NYSEARCA:DXD – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 360,067 shares, an increase of 57.7% from the September 15th total of 228,357 shares. Based on an average trading volume of 3,549,742 shares, the days-to-cover ratio is currently 0.1 days. Approximately 18.4% of the company’s stock are sold short.
Hedge Funds Weigh In On ProShares UltraShort Dow30
A number of large investors have recently modified their holdings of DXD. Group One Trading LLC boosted 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 buying an additional 5,209 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of ProShares UltraShort Dow30 in the second quarter valued at about $417,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Dow30 in the first quarter valued at about $2,189,000.
ProShares UltraShort Dow30 Price Performance
Shares of NYSEARCA DXD traded down $0.11 during midday trading on Friday, reaching $17.23. The company’s stock had a trading volume of 1,492,728 shares, compared to its average volume of 2,302,202. ProShares UltraShort Dow30 has a fifty-two week low of $15.75 and a fifty-two week high of $23.29. The stock has a 50 day simple moving average of $17.16 and a 200-day simple moving average of $18.04.
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.
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