ProShares UltraShort Dow30 (NYSEARCA:DXD) Shares Shorted: Short Interest Down 59.5% in October

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 145,874 shares, a decrease of 59.5% from the September 30th total of 360,067 shares. Based on an average daily volume of 3,519,010 shares, the short-interest ratio is presently 0.0 days. Currently, 5.6% of the shares of the stock are short sold.

ProShares UltraShort Dow30 Trading Down 0.4%

ProShares UltraShort Dow30 stock opened at $17.15 on Thursday. The stock has a 50-day moving average price of $17.31 and a two-hundred day moving average price of $18.60. ProShares UltraShort Dow30 has a 12 month low of $15.75 and a 12 month high of $23.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in ProShares UltraShort Dow30 during the 2nd quarter worth approximately $417,000. Group One Trading LLC grew its holdings in 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 acquiring an additional 5,209 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in ProShares UltraShort Dow30 during the 1st quarter worth approximately $2,189,000.

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.