ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Sees Significant Increase in Short Interest

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,125,631 shares, a growth of 44.0% from the February 12th total of 781,623 shares. Based on an average trading volume of 5,399,760 shares, the short-interest ratio is presently 0.2 days. Approximately 19.6% of the shares of the stock are short sold. Approximately 19.6% of the shares of the stock are short sold. Based on an average trading volume of 5,399,760 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

A number of hedge funds have recently made changes to their positions in SDOW. Quadrature Capital Ltd acquired a new position in ProShares UltraPro Short Dow30 in the fourth quarter valued at about $3,681,000. IMC Chicago LLC acquired a new stake in shares of ProShares UltraPro Short Dow30 during the fourth quarter worth approximately $3,393,000. Squarepoint Ops LLC raised its stake in shares of ProShares UltraPro Short Dow30 by 0.5% in the third quarter. Squarepoint Ops LLC now owns 81,210 shares of the exchange traded fund’s stock valued at $2,902,000 after acquiring an additional 381 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of ProShares UltraPro Short Dow30 in the 4th quarter worth approximately $1,598,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of ProShares UltraPro Short Dow30 by 21.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 44,632 shares of the exchange traded fund’s stock worth $1,426,000 after acquiring an additional 7,740 shares in the last quarter.

ProShares UltraPro Short Dow30 Price Performance

Shares of NYSEARCA SDOW opened at $35.04 on Monday. The business has a fifty day moving average of $30.18 and a two-hundred day moving average of $33.10. ProShares UltraPro Short Dow30 has a 52-week low of $27.55 and a 52-week high of $75.95.

About ProShares UltraPro Short Dow30

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.