ProShares UltraShort S&P500 (NYSEARCA:SDS) Short Interest Down 14.6% in January

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 304,660 shares, a decline of 14.6% from the December 31st total of 356,844 shares. Approximately 6.2% of the shares of the stock are sold short. Based on an average trading volume of 2,363,673 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 2,363,673 shares, the days-to-cover ratio is currently 0.1 days. Approximately 6.2% of the shares of the stock are sold short.

ProShares UltraShort S&P500 Stock Up 1.0%

SDS stock traded up $0.67 during mid-day trading on Wednesday, reaching $68.08. The company’s stock had a trading volume of 5,449,816 shares, compared to its average volume of 2,873,379. The company’s 50 day moving average is $68.11 and its two-hundred day moving average is $72.47. ProShares UltraShort S&P500 has a fifty-two week low of $65.71 and a fifty-two week high of $141.55.

Hedge Funds Weigh In On ProShares UltraShort S&P500

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RHS Financial LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the 2nd quarter worth $228,000. Sollinda Capital Management LLC purchased a new stake in shares of ProShares UltraShort S&P500 in the third quarter valued at about $19,051,000. Foundations Investment Advisors LLC acquired a new stake in ProShares UltraShort S&P500 during the third quarter worth about $453,000. Simplex Trading LLC raised its stake in ProShares UltraShort S&P500 by 351.6% during the second quarter. Simplex Trading LLC now owns 29,176 shares of the real estate investment trust’s stock worth $485,000 after purchasing an additional 22,716 shares during the period. Finally, Adell Harriman & Carpenter Inc. raised its stake in ProShares UltraShort S&P500 by 14.9% during the second quarter. Adell Harriman & Carpenter Inc. now owns 15,000 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 1,940 shares during the period.

About ProShares UltraShort S&P500

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.