ProShares UltraShort Utilities (NYSEARCA:SDP) Stock Short Interest Report for September

ProShares UltraShort Utilities (NYSEARCA:SDP) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 17,655 shares, an increase of 166.9% from the September 15th total of 6,615 shares. Based on an average daily trading volume, of 27,872 shares, the days-to-cover ratio is currently 0.6 days. Currently, 35.3% of the shares of the company are short sold.

ProShares UltraShort Utilities Price Performance

SDP traded down $0.26 during midday trading on Monday, hitting $25.20. 11,231 shares of the company traded hands, compared to its average volume of 7,596. The company’s 50-day moving average is $24.88 and its 200 day moving average is $22.89. ProShares UltraShort Utilities has a 52 week low of $19.78 and a 52 week high of $28.50.

ProShares UltraShort Utilities Company Profile

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.