Short Interest in ProShares UltraShort Utilities (NYSEARCA:SDP) Rises By 88.8%

ProShares UltraShort Utilities (NYSEARCA:SDP) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 13,498 shares, a growth of 88.8% from the November 30th total of 7,151 shares. Based on an average daily volume of 23,937 shares, the short-interest ratio is currently 0.6 days. Approximately 3.3% of the shares of the stock are short sold. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily volume of 23,937 shares, the short-interest ratio is currently 0.6 days.

ProShares UltraShort Utilities Stock Performance

Shares of ProShares UltraShort Utilities stock traded up $0.04 during midday trading on Friday, reaching $12.41. The company had a trading volume of 2,329 shares, compared to its average volume of 17,975. The stock has a fifty day simple moving average of $12.00 and a 200 day simple moving average of $12.68. ProShares UltraShort Utilities has a 1-year low of $10.61 and a 1-year high of $18.60.

ProShares UltraShort Utilities Company Profile

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities 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.