ProShares UltraShort Dow30 (NYSEARCA:DXD) Sees Significant Drop in Short Interest

ProShares UltraShort Dow30 (NYSEARCA:DXD) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 216,225 shares, a decline of 32.7% from the August 15th total of 321,233 shares. Approximately 9.2% of the company’s stock are short sold. Based on an average daily volume of 1,287,353 shares, the short-interest ratio is currently 0.2 days.

ProShares UltraShort Dow30 Stock Performance

Shares of ProShares UltraShort Dow30 stock opened at $17.65 on Friday. ProShares UltraShort Dow30 has a 1 year low of $15.75 and a 1 year high of $23.29. The firm’s 50-day simple moving average is $16.89 and its 200-day simple moving average is $18.57.

Institutional Trading of ProShares UltraShort Dow30

Several institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in ProShares UltraShort Dow30 in the second quarter worth about $417,000. Group One Trading LLC grew its holdings in shares of ProShares UltraShort Dow30 by 2,264.8% during the first quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock valued at $120,000 after purchasing an additional 5,209 shares during the last quarter. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Dow30 during the 1st quarter worth approximately $2,189,000.

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.