ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Short Interest Up 118.7% in March

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 2,624 shares, an increase of 118.7% from the February 26th total of 1,200 shares. Based on an average daily volume of 7,537 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.2% of the company’s stock are short sold.

ProShares UltraShort SmallCap 600 Stock Performance

Shares of NYSEARCA:SDD opened at $12.08 on Friday. The firm has a 50 day simple moving average of $11.11 and a 200-day simple moving average of $12.20. ProShares UltraShort SmallCap 600 has a twelve month low of $10.29 and a twelve month high of $24.76.

ProShares UltraShort SmallCap 600 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a $0.0821 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.33 dividend on an annualized basis and a yield of 2.7%.

Hedge Funds Weigh In On ProShares UltraShort SmallCap 600

A hedge fund recently bought a new stake in ProShares UltraShort SmallCap 600 stock. Susquehanna International Group LLP bought a new position in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,800 shares of the company’s stock, valued at approximately $168,000. Susquehanna International Group LLP owned approximately 10.67% of ProShares UltraShort SmallCap 600 as of its most recent filing with the Securities and Exchange Commission (SEC).

About ProShares UltraShort SmallCap 600

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.