ProShares UltraShort Dow30 (NYSEARCA:DXD – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 78,070 shares, a drop of 47.7% from the May 14th total of 149,194 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily volume of 3,066,277 shares, the short-interest ratio is currently 0.0 days.
ProShares UltraShort Dow30 Stock Performance
DXD stock traded down $0.25 during midday trading on Friday, hitting $18.05. The company’s stock had a trading volume of 1,183,681 shares, compared to its average volume of 2,686,069. ProShares UltraShort Dow30 has a 52-week low of $17.73 and a 52-week high of $26.91. The firm has a 50-day simple moving average of $19.32 and a 200-day simple moving average of $20.03.
Institutional Investors Weigh In On ProShares UltraShort Dow30
Institutional investors have recently modified their holdings of the company. IMC Chicago LLC acquired a new stake in ProShares UltraShort Dow30 during the 1st quarter worth $2,189,000. Quadrature Capital Ltd acquired a new stake in ProShares UltraShort Dow30 during the 4th quarter worth $929,000. Squarepoint Ops LLC raised 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 in the last quarter. HRT Financial LP acquired a new stake in ProShares UltraShort Dow30 during the 4th quarter worth $340,000. Finally, Jane Street Group LLC acquired a new stake in ProShares UltraShort Dow30 during the 2nd quarter worth $274,000.
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.
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