Short Interest in ProShares UltraShort Utilities (NYSEARCA:SDP) Drops By 15.3%

Posted by Alphonse Anthony on Apr 17th, 2026

ProShares UltraShort Utilities (NYSEARCA:SDP – Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 12,473 shares, a decrease of 15.3% from the March 15th total of 14,726 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,411 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On ProShares UltraShort Utilities

A hedge fund recently bought a new stake in ProShares UltraShort Utilities stock. IMC Chicago LLC bought a new stake in ProShares UltraShort Utilities (NYSEARCA:SDP – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 86,608 shares of the company’s stock, valued at approximately $1,080,000. IMC Chicago LLC owned approximately 45.58% of ProShares UltraShort Utilities as of its most recent SEC filing.

ProShares UltraShort Utilities Stock Performance

SDP traded up $0.13 on Friday, reaching $10.62. The company had a trading volume of 8,990 shares, compared to its average volume of 14,966. The company has a fifty day moving average of $10.64 and a 200-day moving average of $11.55. ProShares UltraShort Utilities has a one year low of $9.89 and a one year high of $16.62.

ProShares UltraShort Utilities Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were given a $0.0295 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, March 25th.

About ProShares UltraShort Utilities

(Get Free Report)

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.