ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Get Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 4,680 shares, a growth of 130.4% from the July 30th total of 2,031 shares. Based on an average daily volume of 1,397 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.9% of the shares of the company are sold short.
Institutional Trading of ProShares UltraShort SmallCap 600
An institutional investor recently raised its position in ProShares UltraShort SmallCap 600 stock. WealthPlan Investment Management LLC increased its stake in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Free Report) by 95.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,467 shares of the company’s stock after acquiring an additional 10,000 shares during the period. WealthPlan Investment Management LLC owned about 17.06% of ProShares UltraShort SmallCap 600 worth $256,000 as of its most recent SEC filing.
ProShares UltraShort SmallCap 600 Price Performance
ProShares UltraShort SmallCap 600 stock traded up $0.11 during trading hours on Friday, hitting $8.38. 191 shares of the stock were exchanged, compared to its average volume of 3,297. ProShares UltraShort SmallCap 600 has a 12 month low of $7.79 and a 12 month high of $14.68. The business’s 50-day moving average is $8.23 and its two-hundred day moving average is $9.58.
About ProShares UltraShort SmallCap 600
ProShares UltraShort SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P SmallCap 600 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.
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