Short Interest in ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Decreases By 22.8%

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 561,009 shares, a decrease of 22.8% from the November 30th total of 726,576 shares. Based on an average daily volume of 4,338,114 shares, the days-to-cover ratio is presently 0.1 days. Approximately 8.8% of the shares of the stock are sold short. Approximately 8.8% of the shares of the stock are sold short. Based on an average daily volume of 4,338,114 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of ProShares UltraPro Short Dow30

Several hedge funds have recently bought and sold shares of the stock. Game Plan Financial Advisors LLC bought a new position in shares of ProShares UltraPro Short Dow30 during the 3rd quarter valued at about $36,000. JPMorgan Chase & Co. lifted its position in shares of ProShares UltraPro Short Dow30 by 164.6% in the second quarter. JPMorgan Chase & Co. now owns 2,815 shares of the exchange traded fund’s stock worth $117,000 after buying an additional 1,751 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of ProShares UltraPro Short Dow30 by 120.4% in the second quarter. BNP Paribas Financial Markets now owns 4,863 shares of the exchange traded fund’s stock worth $202,000 after buying an additional 2,657 shares in the last quarter. Corient Private Wealth LLC bought a new position in ProShares UltraPro Short Dow30 during the second quarter valued at approximately $207,000. Finally, Group One Trading LLC grew its holdings in ProShares UltraPro Short Dow30 by 10.5% during the 3rd quarter. Group One Trading LLC now owns 13,117 shares of the exchange traded fund’s stock valued at $469,000 after buying an additional 1,248 shares in the last quarter.

ProShares UltraPro Short Dow30 Trading Up 0.6%

Shares of ProShares UltraPro Short Dow30 stock traded up $0.18 on Tuesday, hitting $31.34. 1,069,623 shares of the company traded hands, compared to its average volume of 3,156,411. ProShares UltraPro Short Dow30 has a 52 week low of $30.55 and a 52 week high of $75.95. The business has a 50-day simple moving average of $33.39 and a 200 day simple moving average of $37.36.

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.