ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Sees Significant Decrease in Short Interest

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 557,063 shares, a decline of 36.1% from the March 15th total of 872,133 shares. Based on an average trading volume of 9,154,402 shares, the days-to-cover ratio is currently 0.1 days. Currently, 9.4% of the company’s stock are short sold.

ProShares UltraPro Short Dow30 Trading Down 0.1%

NYSEARCA:SDOW traded down $0.03 on Thursday, hitting $30.67. 2,280,774 shares of the company’s stock traded hands, compared to its average volume of 6,805,252. ProShares UltraPro Short Dow30 has a 1 year low of $27.55 and a 1 year high of $66.09. The firm has a 50-day moving average price of $32.30 and a 200-day moving average price of $32.67.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in shares of ProShares UltraPro Short Dow30 during the 4th quarter worth about $3,681,000. IMC Chicago LLC purchased a new stake in shares of ProShares UltraPro Short Dow30 during the 4th quarter worth about $3,393,000. Squarepoint Ops LLC raised its stake in shares of ProShares UltraPro Short Dow30 by 0.5% during the 3rd quarter. Squarepoint Ops LLC now owns 81,210 shares of the exchange traded fund’s stock worth $2,902,000 after purchasing an additional 381 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of ProShares UltraPro Short Dow30 during the 4th quarter worth about $1,598,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of ProShares UltraPro Short Dow30 by 21.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 44,632 shares of the exchange traded fund’s stock worth $1,426,000 after purchasing an additional 7,740 shares in the last quarter.

About ProShares UltraPro Short Dow30

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.