ProShares UltraShort Dow30 (NYSEARCA:DXD) Sees Large Decrease in Short Interest

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 101,250 shares, a decline of 23.6% from the January 15th total of 132,479 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average trading volume of 1,999,376 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,999,376 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares UltraShort Dow30

A number of hedge funds have recently added to or reduced their stakes in DXD. Bogart Wealth LLC bought a new position in shares of ProShares UltraShort Dow30 in the third quarter worth about $44,000. Simplex Trading LLC increased its holdings in shares of ProShares UltraShort Dow30 by 292.1% in the second quarter. Simplex Trading LLC now owns 4,074 shares of the exchange traded fund’s stock valued at $98,000 after purchasing an additional 3,035 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Dow30 in the second quarter valued at approximately $274,000. IMC Chicago LLC bought a new position in ProShares UltraShort Dow30 in the 3rd quarter worth approximately $291,000. Finally, HRT Financial LP acquired a new position in ProShares UltraShort Dow30 during the 4th quarter worth $340,000.

ProShares UltraShort Dow30 Price Performance

ProShares UltraShort Dow30 stock traded down $0.05 on Monday, reaching $19.39. The company’s stock had a trading volume of 2,664,410 shares, compared to its average volume of 2,318,287. The business’s fifty day moving average price is $19.84 and its 200 day moving average price is $21.44. ProShares UltraShort Dow30 has a twelve month low of $18.62 and a twelve month high of $35.79.

About ProShares UltraShort Dow30

ProShares UltraShort Dow30 (the Fund), formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no predetermined criteria except that components should be established United States companies.