ProShares UltraShort S&P500 (NYSEARCA:SDS) Sees Large Increase in Short Interest

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 730,234 shares, a growth of 139.1% from the August 15th total of 305,431 shares. Based on an average daily trading volume, of 2,176,397 shares, the short-interest ratio is currently 0.3 days. Approximately 10.0% of the company’s stock are short sold.

ProShares UltraShort S&P500 Price Performance

SDS traded down $0.90 during midday trading on Friday, hitting $55.03. 3,835,894 shares of the company’s stock traded hands, compared to its average volume of 3,506,288. The stock’s fifty day simple moving average is $55.44 and its 200-day simple moving average is $61.12. ProShares UltraShort S&P500 has a one year low of $52.54 and a one year high of $80.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SDS. Integrated Advisors Network LLC grew its stake in ProShares UltraShort S&P500 by 1,311.4% in the 1st quarter. Integrated Advisors Network LLC now owns 150,056 shares of the real estate investment trust’s stock valued at $11,292,000 after buying an additional 139,424 shares during the last quarter. Jump Financial LLC raised its holdings in ProShares UltraShort S&P500 by 30.8% in the 3rd quarter. Jump Financial LLC now owns 475,804 shares of the real estate investment trust’s stock worth $6,875,000 after acquiring an additional 112,001 shares during the period. Goldman Sachs Group Inc. acquired a new position in ProShares UltraShort S&P500 during the 4th quarter worth $6,849,000. Group One Trading LLC acquired a new position in ProShares UltraShort S&P500 during the 2nd quarter worth $1,656,000. Finally, Quadrature Capital Ltd bought a new stake in ProShares UltraShort S&P500 during the fourth quarter valued at about $5,547,000.

ProShares UltraShort S&P500 Company Profile

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.