ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Up 98.7% in June

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 155,092 shares, an increase of 98.7% from the May 31st total of 78,070 shares. Based on an average trading volume of 3,196,610 shares, the short-interest ratio is currently 0.0 days. Currently, 5.8% of the shares of the stock are short sold.

ProShares UltraShort Dow30 Trading Down 2.1%

DXD stock opened at $16.84 on Friday. The company has a 50 day simple moving average of $18.47 and a 200 day simple moving average of $19.68. ProShares UltraShort Dow30 has a 1 year low of $16.82 and a 1 year high of $25.22.

Hedge Funds Weigh In On ProShares UltraShort Dow30

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC increased its holdings in ProShares UltraShort Dow30 by 2,264.8% in the first quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock valued at $120,000 after purchasing an additional 5,209 shares during the period. Simplex Trading LLC lifted its position 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 valued at $147,000 after acquiring an additional 1,112 shares during the period. Jane Street Group LLC acquired a new position in ProShares UltraShort Dow30 during the 2nd quarter worth approximately $274,000. HRT Financial LP acquired a new position in ProShares UltraShort Dow30 during the fourth quarter worth $340,000. Finally, Squarepoint Ops LLC lifted its stake in ProShares UltraShort Dow30 by 199.4% during the 2nd quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock valued at $868,000 after acquiring an additional 23,831 shares in the last quarter.

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.