Short Interest in ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Expands By 42.3%

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 759,876 shares, an increase of 42.3% from the December 31st total of 533,813 shares. Based on an average daily trading volume, of 5,506,763 shares, the short-interest ratio is currently 0.1 days. Approximately 12.9% of the shares of the stock are short sold. Approximately 12.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,506,763 shares, the short-interest ratio is currently 0.1 days.

ProShares UltraPro Short Dow30 Price Performance

NYSEARCA SDOW opened at $29.52 on Tuesday. The business’s 50 day moving average price is $31.23 and its 200-day moving average price is $35.11. ProShares UltraPro Short Dow30 has a fifty-two week low of $29.05 and a fifty-two week high of $75.95.

Institutional Trading of ProShares UltraPro Short Dow30

Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC grew its position in shares of ProShares UltraPro Short Dow30 by 246.1% during the 2nd quarter. Squarepoint Ops LLC now owns 80,829 shares of the exchange traded fund’s stock worth $3,352,000 after buying an additional 57,476 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in ProShares UltraPro Short Dow30 by 619.7% in the third quarter. Tower Research Capital LLC TRC now owns 36,892 shares of the exchange traded fund’s stock worth $1,319,000 after acquiring an additional 31,766 shares during the period. Group One Trading LLC lifted its stake in ProShares UltraPro Short Dow30 by 10.5% in the third quarter. Group One Trading LLC now owns 13,117 shares of the exchange traded fund’s stock worth $469,000 after acquiring an additional 1,248 shares during the period. Corient Private Wealth LLC bought a new position in ProShares UltraPro Short Dow30 during the 2nd quarter worth about $207,000. Finally, BNP Paribas Financial Markets increased its position in ProShares UltraPro Short Dow30 by 120.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,863 shares of the exchange traded fund’s stock valued at $202,000 after purchasing an additional 2,657 shares during the period.

ProShares UltraPro Short Dow30 Company Profile

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.