ProShares UltraPro Dow30 (NYSEARCA:UDOW) Short Interest Update

ProShares UltraPro Dow30 (NYSEARCA:UDOW) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,573,662 shares, an increase of 28.0% from the January 15th total of 1,229,489 shares. Based on an average trading volume of 3,850,382 shares, the short-interest ratio is currently 0.4 days. Currently, 12.5% of the company’s shares are sold short. Currently, 12.5% of the company’s shares are sold short. Based on an average trading volume of 3,850,382 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On ProShares UltraPro Dow30

Several hedge funds have recently modified their holdings of UDOW. Jump Financial LLC acquired a new position in shares of ProShares UltraPro Dow30 during the 4th quarter worth approximately $2,751,000. Tower Research Capital LLC TRC boosted its position in ProShares UltraPro Dow30 by 136.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 41,847 shares of the company’s stock worth $2,423,000 after purchasing an additional 24,139 shares during the period. Squarepoint Ops LLC acquired a new position in ProShares UltraPro Dow30 in the 4th quarter valued at about $2,533,000. Federation des caisses Desjardins du Quebec lifted its holdings in ProShares UltraPro Dow30 by 107.7% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 858 shares of the company’s stock worth $50,000 after purchasing an additional 445 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of ProShares UltraPro Dow30 by 100.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,112 shares of the company’s stock valued at $412,000 after acquiring an additional 3,561 shares during the period.

ProShares UltraPro Dow30 Stock Up 0.3%

Shares of UDOW stock opened at $62.42 on Wednesday. The firm has a fifty day moving average of $61.04 and a 200-day moving average of $55.84. ProShares UltraPro Dow30 has a 12-month low of $28.45 and a 12-month high of $66.21. The company has a market capitalization of $783.37 million, a price-to-earnings ratio of 20.47 and a beta of 2.79.

About ProShares UltraPro Dow30

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.