Short Interest in ProShares UltraShort Dow30 (NYSEARCA:DXD) Expands By 80.5%

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 182,768 shares, an increase of 80.5% from the January 29th total of 101,250 shares. Based on an average daily volume of 2,300,034 shares, the short-interest ratio is presently 0.1 days. Approximately 7.6% of the shares of the stock are short sold. Approximately 7.6% of the shares of the stock are short sold. Based on an average daily volume of 2,300,034 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraShort Dow30 Trading Up 2.2%

Shares of DXD stock opened at $19.84 on Monday. ProShares UltraShort Dow30 has a fifty-two week low of $18.62 and a fifty-two week high of $35.79. The business’s 50 day moving average price is $19.65 and its 200-day moving average price is $21.13.

Hedge Funds Weigh In On ProShares UltraShort Dow30

A number of hedge funds have recently bought and sold shares of DXD. Simplex Trading LLC increased its stake in shares of ProShares UltraShort Dow30 by 292.1% in the 2nd quarter. Simplex Trading LLC now owns 4,074 shares of the exchange traded fund’s stock worth $98,000 after purchasing an additional 3,035 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of ProShares UltraShort Dow30 by 199.4% in the 2nd quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock valued at $868,000 after acquiring an additional 23,831 shares during the last quarter. Jane Street Group LLC purchased a new position in ProShares UltraShort Dow30 during the second quarter worth $274,000. Bogart Wealth LLC bought a new position in shares of ProShares UltraShort Dow30 during the third quarter valued at approximately $44,000. Finally, IMC Chicago LLC bought a new stake in ProShares UltraShort Dow30 during the 3rd quarter valued at about $291,000.

About ProShares UltraShort Dow30

ProShares UltraShort Dow30 (the Fund), formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no predetermined criteria except that components should be established United States companies.