ProShares UltraPro Dow30 (NYSEARCA:UDOW) Short Interest Update

ProShares UltraPro Dow30 (NYSEARCA:UDOW) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,379,552 shares, an increase of 53.8% from the November 30th total of 896,738 shares. Based on an average daily volume of 3,562,621 shares, the short-interest ratio is presently 0.4 days. Approximately 11.2% of the company’s stock are short sold. Approximately 11.2% of the company’s stock are short sold. Based on an average daily volume of 3,562,621 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On ProShares UltraPro Dow30

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. boosted its position in ProShares UltraPro Dow30 by 35.8% during the second quarter. SBI Securities Co. Ltd. now owns 1,563 shares of the company’s stock worth $148,000 after purchasing an additional 412 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of ProShares UltraPro Dow30 by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,275 shares of the company’s stock worth $244,000 after buying an additional 718 shares during the period. Qube Research & Technologies Ltd acquired a new position in ProShares UltraPro Dow30 in the 3rd quarter valued at $249,000. Citizens Financial Group Inc. RI bought a new position in ProShares UltraPro Dow30 in the 2nd quarter worth $368,000. Finally, Two Sigma Securities LLC raised its holdings in ProShares UltraPro Dow30 by 21.3% in the 2nd quarter. Two Sigma Securities LLC now owns 5,491 shares of the company’s stock worth $518,000 after acquiring an additional 965 shares during the period.

ProShares UltraPro Dow30 Trading Down 1.6%

ProShares UltraPro Dow30 stock traded down $0.94 during mid-day trading on Monday, hitting $59.39. 760,145 shares of the company’s stock were exchanged, compared to its average volume of 4,783,634. ProShares UltraPro Dow30 has a 1-year low of $28.45 and a 1-year high of $61.39. The stock has a 50 day moving average of $56.61 and a two-hundred day moving average of $51.92. The stock has a market cap of $730.52 million, a P/E ratio of 20.47 and a beta of 2.79.

ProShares UltraPro Dow30 Company Profile

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.