ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Sees Significant Increase in Short Interest

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 11,788 shares, a growth of 62.3% from the August 31st total of 7,262 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average daily volume of 2,704 shares, the short-interest ratio is presently 4.4 days.

ProShares UltraShort SmallCap 600 Stock Up 0.8%

Shares of SDD stock traded up $0.07 on Wednesday, reaching $9.47. The stock had a trading volume of 674 shares, compared to its average volume of 3,154. The firm’s 50-day moving average is $8.49 and its two-hundred day moving average is $9.27. ProShares UltraShort SmallCap 600 has a 12 month low of $7.79 and a 12 month high of $14.68.

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.