ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Short Interest Down 36.5% in May

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 427,870 shares, a drop of 36.5% from the May 14th total of 674,203 shares. Based on an average trading volume of 4,914,241 shares, the short-interest ratio is currently 0.1 days. Currently, 6.8% of the company’s shares are sold short.

ProShares UltraPro Short Dow30 Trading Down 1.9%

NYSEARCA SDOW traded down $0.49 during trading hours on Tuesday, hitting $24.64. 3,260,196 shares of the company’s stock were exchanged, compared to its average volume of 6,182,719. The stock has a 50-day simple moving average of $28.68 and a 200 day simple moving average of $30.60. ProShares UltraPro Short Dow30 has a 1-year low of $24.44 and a 1-year high of $48.39.

Institutional Trading of ProShares UltraPro Short Dow30

Several hedge funds have recently modified their holdings of SDOW. Squarepoint Ops LLC boosted its stake in ProShares UltraPro Short Dow30 by 0.5% during the third quarter. Squarepoint Ops LLC now owns 81,210 shares of the exchange traded fund’s stock worth $2,902,000 after acquiring an additional 381 shares in the last quarter. Group One Trading LLC increased its stake in ProShares UltraPro Short Dow30 by 2.9% in the fourth quarter. Group One Trading LLC now owns 13,501 shares of the exchange traded fund’s stock valued at $431,000 after purchasing an additional 384 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of ProShares UltraPro Short Dow30 by 261.9% during the first quarter. Parallel Advisors LLC now owns 1,737 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 1,257 shares during the period. XTX Topco Ltd boosted its position in shares of ProShares UltraPro Short Dow30 by 10.8% during the 4th quarter. XTX Topco Ltd now owns 12,949 shares of the exchange traded fund’s stock worth $414,000 after purchasing an additional 1,262 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of ProShares UltraPro Short Dow30 by 164.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,815 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 1,751 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.