ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Sees Large Decline in Short Interest

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 2,100 shares, a drop of 59.6% from the May 15th total of 5,200 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 9,800 shares, the short-interest ratio is presently 0.2 days.

ProShares UltraShort SmallCap 600 Trading Up 3.9%

NYSEARCA SDD opened at $16.90 on Monday. ProShares UltraShort SmallCap 600 has a 1-year low of $12.71 and a 1-year high of $24.76. The company has a 50 day moving average of $18.24 and a 200-day moving average of $16.71.

ProShares UltraShort SmallCap 600 Company Profile

ProShares UltraShort SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.