ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Short Interest Down 37.6% in January

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,316 shares, a drop of 37.6% from the January 15th total of 2,110 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 2,151 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 2,151 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.1% of the shares of the company are short sold.

ProShares UltraShort SmallCap 600 Trading Down 3.0%

SDD traded down $0.32 during trading on Friday, hitting $10.47. The company had a trading volume of 2,288 shares, compared to its average volume of 1,606. ProShares UltraShort SmallCap 600 has a 1-year low of $10.29 and a 1-year high of $24.76. The business has a 50-day moving average of $11.51 and a 200-day moving average of $12.86.

Institutional Trading of ProShares UltraShort SmallCap 600

An institutional investor recently bought a new position in ProShares UltraShort SmallCap 600 stock. WealthPlan Investment Management LLC purchased a new position in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,467 shares of the company’s stock, valued at approximately $164,000. WealthPlan Investment Management LLC owned about 8.44% of ProShares UltraShort SmallCap 600 as of its most recent SEC filing.

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.