ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Short Interest Update

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 872,133 shares, a drop of 22.5% from the February 26th total of 1,125,631 shares. Currently, 15.2% of the company’s shares are short sold. Based on an average trading volume of 9,786,005 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of ProShares UltraPro Short Dow30

A number of institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC boosted 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 valued at $3,352,000 after purchasing an additional 57,476 shares in the last quarter. Simplex Trading LLC bought a new position in shares of ProShares UltraPro Short Dow30 during the 4th quarter worth about $550,000. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares UltraPro Short Dow30 in the 4th quarter valued at about $1,598,000. Quadrature Capital Ltd bought a new stake in shares of ProShares UltraPro Short Dow30 during the fourth quarter valued at approximately $3,681,000. Finally, Tower Research Capital LLC TRC grew its position in 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 valued at $1,426,000 after purchasing an additional 7,740 shares during the period.

ProShares UltraPro Short Dow30 Trading Up 5.3%

Shares of SDOW stock opened at $38.11 on Friday. The business’s 50 day simple moving average is $31.42 and its 200 day simple moving average is $32.98. ProShares UltraPro Short Dow30 has a one year low of $27.55 and a one year high of $75.95.

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.