ProShares UltraShort Utilities (NYSEARCA:SDP) Stock Short Interest Report for September

ProShares UltraShort Utilities (NYSEARCA:SDP) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 17,655 shares, a growth of 166.9% from the September 15th total of 6,615 shares. Based on an average daily volume of 27,872 shares, the days-to-cover ratio is currently 0.6 days. Approximately 35.3% of the shares of the stock are sold short.

ProShares UltraShort Utilities Price Performance

Shares of SDP stock traded up $0.15 during mid-day trading on Wednesday, hitting $25.05. The company had a trading volume of 17,890 shares, compared to its average volume of 7,716. The stock’s 50 day moving average price is $24.98 and its 200-day moving average price is $22.93. ProShares UltraShort Utilities has a 52-week low of $19.78 and a 52-week high of $28.50.

ProShares UltraShort Utilities Company Profile

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.