ProShares UltraShort S&P500 (NYSEARCA:SDS) Short Interest Update

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 302,496 shares, a drop of 17.9% from the November 30th total of 368,425 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average daily volume of 2,824,342 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 2,824,342 shares, the short-interest ratio is currently 0.1 days. Approximately 4.8% of the company’s stock are short sold.

ProShares UltraShort S&P500 Price Performance

SDS stock traded up $0.73 during trading on Wednesday, reaching $68.19. 703,041 shares of the company traded hands, compared to its average volume of 3,322,153. The business has a 50 day simple moving average of $70.07 and a 200 day simple moving average of $75.53. ProShares UltraShort S&P500 has a 12 month low of $66.51 and a 12 month high of $141.55.

Institutional Trading of ProShares UltraShort S&P500

A number of institutional investors have recently made changes to their positions in the business. Global Trust Asset Management LLC purchased a new position in ProShares UltraShort S&P500 during the 3rd quarter worth $29,000. Bogart Wealth LLC purchased a new stake in ProShares UltraShort S&P500 during the 3rd quarter worth approximately $51,000. JFS Wealth Advisors LLC acquired a new stake in shares of ProShares UltraShort S&P500 during the third quarter worth $87,000. JPMorgan Chase & Co. grew its stake in ProShares UltraShort S&P500 by 10.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 835 shares during the last quarter. Finally, Genesee Capital Advisors LLC acquired a new position in ProShares UltraShort S&P500 in the 3rd quarter worth approximately $161,000.

About ProShares UltraShort S&P500

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.