Short Interest in ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Drops By 37.6%

ProShares UltraShort SmallCap 600 (NYSEARCA:SDDGet Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,316 shares, a decrease of 37.6% from the January 15th total of 2,110 shares. Based on an average daily volume of 2,151 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.1% of the company’s shares are sold short. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 2,151 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On ProShares UltraShort SmallCap 600

An institutional investor recently raised its position in ProShares UltraShort SmallCap 600 stock. WealthPlan Investment Management LLC raised its position in ProShares UltraShort SmallCap 600 (NYSEARCA:SDDFree Report) by 95.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,467 shares of the company’s stock after purchasing an additional 10,000 shares during the period. WealthPlan Investment Management LLC owned about 17.06% of ProShares UltraShort SmallCap 600 worth $256,000 at the end of the most recent reporting period.

ProShares UltraShort SmallCap 600 Stock Performance

Shares of ProShares UltraShort SmallCap 600 stock traded down $0.25 during mid-day trading on Friday, hitting $10.54. The stock had a trading volume of 2,392 shares, compared to its average volume of 1,613. ProShares UltraShort SmallCap 600 has a 12-month low of $10.29 and a 12-month high of $24.76. The firm has a 50-day moving average of $11.47 and a two-hundred day moving average of $12.81.

About ProShares UltraShort SmallCap 600

(Get Free Report)

ProShares UltraShort SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P SmallCap 600 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.

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