ProShares UltraShort Dow30 (NYSEARCA:DXD) Shares Shorted: Short Interest Up 57.7% in September

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 360,067 shares, an increase of 57.7% from the September 15th total of 228,357 shares. Based on an average daily trading volume, of 3,549,742 shares, the days-to-cover ratio is presently 0.1 days. Approximately 18.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DXD. IMC Chicago LLC acquired a new position in ProShares UltraShort Dow30 during the first quarter valued at approximately $2,189,000. Squarepoint Ops LLC bought a new stake in ProShares UltraShort Dow30 in the 2nd quarter valued at $417,000. Finally, Group One Trading LLC lifted its position in ProShares UltraShort Dow30 by 2,264.8% in the 1st quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock valued at $120,000 after acquiring an additional 5,209 shares in the last quarter.

ProShares UltraShort Dow30 Stock Performance

ProShares UltraShort Dow30 stock traded down $0.11 during trading hours on Friday, reaching $17.23. 1,492,728 shares of the company’s stock traded hands, compared to its average volume of 2,302,202. The firm’s 50 day moving average is $17.16 and its 200-day moving average is $18.04. ProShares UltraShort Dow30 has a fifty-two week low of $15.75 and a fifty-two week high of $23.29.

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.