ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Up 98.7% in June

ProShares UltraShort Dow30 (NYSEARCA:DXD) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 155,092 shares, an increase of 98.7% from the May 31st total of 78,070 shares. Based on an average daily trading volume, of 3,196,610 shares, the short-interest ratio is currently 0.0 days. Currently, 5.8% of the shares of the stock are short sold.

ProShares UltraShort Dow30 Stock Down 1.1%

Shares of NYSEARCA DXD traded down $0.20 during mid-day trading on Wednesday, reaching $16.97. The company had a trading volume of 352,878 shares, compared to its average volume of 2,548,022. ProShares UltraShort Dow30 has a one year low of $16.91 and a one year high of $25.22. The business’s 50-day simple moving average is $18.57 and its 200 day simple moving average is $19.72.

Institutional Investors Weigh In On ProShares UltraShort Dow30

Hedge funds have recently modified their holdings of the company. Group One Trading LLC raised its holdings in ProShares UltraShort Dow30 by 2,264.8% in the 1st quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock valued at $120,000 after buying an additional 5,209 shares during the last quarter. Simplex Trading LLC increased its position in ProShares UltraShort Dow30 by 18.3% in the 4th quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock valued at $147,000 after acquiring an additional 1,112 shares during the period. Jane Street Group LLC bought a new position in shares of ProShares UltraShort Dow30 during the second quarter valued at $274,000. HRT Financial LP bought a new position in shares of ProShares UltraShort Dow30 during the fourth quarter valued at $340,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of ProShares UltraShort Dow30 by 199.4% during the second quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock worth $868,000 after purchasing an additional 23,831 shares during the period.

ProShares UltraShort Dow30 Company Profile

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.