ProShares UltraShort S&P500 (NYSEARCA:SDS) Short Interest Down 14.6% in January

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 304,660 shares, a drop of 14.6% from the December 31st total of 356,844 shares. Approximately 6.2% of the shares of the stock are short sold. Based on an average daily volume of 2,363,673 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 2,363,673 shares, the short-interest ratio is presently 0.1 days. Approximately 6.2% of the shares of the stock are short sold.

Institutional Trading of ProShares UltraShort S&P500

A number of hedge funds have recently modified their holdings of the stock. Sollinda Capital Management LLC acquired a new position in ProShares UltraShort S&P500 during the third quarter worth $19,051,000. Ridgepath Capital Management LLC purchased a new stake in shares of ProShares UltraShort S&P500 during the third quarter worth approximately $8,727,000. Clough Capital Partners L P acquired a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at $6,886,000. Thomas J. Herzfeld Advisors Inc. raised its stake in ProShares UltraShort S&P500 by 760.1% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 412,904 shares of the real estate investment trust’s stock valued at $6,875,000 after purchasing an additional 364,897 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC purchased a new position in ProShares UltraShort S&P500 in the 2nd quarter valued at $5,270,000.

ProShares UltraShort S&P500 Stock Performance

Shares of SDS stock opened at $66.92 on Monday. ProShares UltraShort S&P500 has a one year low of $65.71 and a one year high of $141.55. The company’s 50-day simple moving average is $68.29 and its two-hundred day simple moving average is $72.67.

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.