ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Update

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 120,714 shares, an increase of 32.1% from the March 15th total of 91,388 shares. Based on an average trading volume of 2,390,136 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DXD. Quadrature Capital Ltd bought a new position in ProShares UltraShort Dow30 during the 4th quarter worth approximately $929,000. Squarepoint Ops LLC boosted 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 worth $868,000 after acquiring an additional 23,831 shares during the last quarter. HRT Financial LP bought a new position in ProShares UltraShort Dow30 during the 4th quarter worth approximately $340,000. IMC Chicago LLC bought a new position in ProShares UltraShort Dow30 during the 3rd quarter worth approximately $291,000. Finally, Jane Street Group LLC bought a new position in ProShares UltraShort Dow30 during the 2nd quarter worth approximately $274,000.

ProShares UltraShort Dow30 Stock Up 0.3%

NYSEARCA:DXD traded up $0.07 during mid-day trading on Wednesday, reaching $20.09. 1,032,463 shares of the company were exchanged, compared to its average volume of 2,987,078. ProShares UltraShort Dow30 has a 12 month low of $18.62 and a 12 month high of $32.93. The company has a fifty day moving average of $20.72 and a 200 day moving average of $20.81.

ProShares UltraShort Dow30 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.112 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.