ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Sees Large Increase in Short Interest

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,788 shares, an increase of 62.3% from the August 31st total of 7,262 shares. Currently, 7.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,704 shares, the short-interest ratio is presently 4.4 days.

ProShares UltraShort SmallCap 600 Price Performance

ProShares UltraShort SmallCap 600 stock traded down $0.10 during mid-day trading on Thursday, reaching $9.40. 81 shares of the company were exchanged, compared to its average volume of 3,138. The company has a fifty day simple moving average of $8.52 and a 200-day simple moving average of $9.25. ProShares UltraShort SmallCap 600 has a 12 month low of $7.79 and a 12 month high of $14.68.

About ProShares UltraShort SmallCap 600

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.