Short Interest in ProShares UltraShort Dow30 (NYSEARCA:DXD) Decreases By 32.7%

ProShares UltraShort Dow30 (NYSEARCA:DXD) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 216,225 shares, a drop of 32.7% from the August 15th total of 321,233 shares. Based on an average daily trading volume, of 1,287,353 shares, the short-interest ratio is currently 0.2 days. Currently, 9.2% of the shares of the company are short sold.

ProShares UltraShort Dow30 Stock Performance

Shares of NYSEARCA DXD traded down $0.21 during midday trading on Thursday, hitting $17.64. 2,354,095 shares of the company’s stock were exchanged, compared to its average volume of 2,160,561. ProShares UltraShort Dow30 has a 12 month low of $15.75 and a 12 month high of $23.29. The company’s 50 day moving average price is $16.88 and its 200 day moving average price is $18.59.

Hedge Funds Weigh In On ProShares UltraShort Dow30

Several institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new stake in ProShares UltraShort Dow30 during the 2nd quarter worth approximately $417,000. Group One Trading LLC increased its position in ProShares UltraShort Dow30 by 2,264.8% during the 1st quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock worth $120,000 after buying an additional 5,209 shares during the period. Finally, IMC Chicago LLC bought a new position in ProShares UltraShort Dow30 during the 1st quarter worth $2,189,000.

About ProShares UltraShort Dow30

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.