ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Short Interest Up 22.8% in December

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,319 shares, an increase of 22.8% from the December 15th total of 1,888 shares. Based on an average daily volume of 657 shares, the short-interest ratio is presently 3.5 days. Currently, 1.9% of the company’s stock are short sold. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 657 shares, the short-interest ratio is presently 3.5 days.

Hedge Funds Weigh In On ProShares UltraShort SmallCap 600

An institutional investor recently bought a new position in ProShares UltraShort SmallCap 600 stock. Susquehanna International Group LLP purchased a new position in ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,800 shares of the company’s stock, valued at approximately $168,000. Susquehanna International Group LLP owned about 10.67% of ProShares UltraShort SmallCap 600 at the end of the most recent reporting period.

ProShares UltraShort SmallCap 600 Stock Up 0.8%

Shares of ProShares UltraShort SmallCap 600 stock traded up $0.09 during trading on Monday, hitting $10.93. 471 shares of the stock traded hands, compared to its average volume of 1,352. The company has a fifty day moving average price of $12.41 and a two-hundred day moving average price of $13.36. ProShares UltraShort SmallCap 600 has a twelve month low of $10.81 and a twelve month high of $24.76.

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.