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

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 149,194 shares, a growth of 152.7% from the April 30th total of 59,046 shares. Based on an average daily trading volume, of 1,259,909 shares, the days-to-cover ratio is presently 0.1 days. Approximately 5.6% of the company’s stock are short sold.

ProShares UltraShort Dow30 Price Performance

Shares of DXD stock traded up $0.10 during mid-day trading on Monday, hitting $18.30. The stock had a trading volume of 1,116,733 shares, compared to its average volume of 2,608,150. ProShares UltraShort Dow30 has a 12-month low of $18.17 and a 12-month high of $26.97. The firm’s 50-day moving average is $20.15 and its two-hundred day moving average is $20.26.

Institutional Investors Weigh In On ProShares UltraShort Dow30

Several hedge funds have recently made changes to their positions in the company. Simplex Trading LLC lifted its stake in shares of ProShares UltraShort Dow30 by 18.3% during the 4th quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 1,112 shares during the last quarter. Group One Trading LLC lifted its stake in shares of ProShares UltraShort Dow30 by 2,264.8% during the 1st quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock worth $120,000 after purchasing an additional 5,209 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort Dow30 during the 2nd quarter worth $274,000. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Dow30 during the 3rd quarter worth $291,000. Finally, HRT Financial LP purchased a new stake in shares of ProShares UltraShort Dow30 during the 4th quarter worth $340,000.

ProShares UltraShort Dow30 Company Profile

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.