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

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the target of a significant growth in short interest in 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. Currently, 10.0% of the shares of the company are short sold. Based on an average daily volume of 2,176,397 shares, the short-interest ratio is currently 0.3 days.

ProShares UltraShort S&P500 Stock Performance

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

Institutional Investors Weigh In On ProShares UltraShort S&P500

Several hedge funds have recently modified their holdings of the business. Jump Financial LLC increased its position in ProShares UltraShort S&P500 by 30.8% during the third 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. Integrated Advisors Network LLC raised its stake in ProShares UltraShort S&P500 by 1,311.4% during 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 purchasing an additional 139,424 shares during the last quarter. Raffles Associates LP boosted its holdings in ProShares UltraShort S&P500 by 26.3% in the 2nd quarter. Raffles Associates LP now owns 125,000 shares of the real estate investment trust’s stock valued at $2,081,000 after purchasing an additional 26,000 shares during the period. IMC Chicago LLC boosted its holdings in ProShares UltraShort S&P500 by 12.2% in the 1st quarter. IMC Chicago LLC now owns 101,929 shares of the real estate investment trust’s stock valued at $7,670,000 after purchasing an additional 11,085 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in ProShares UltraShort S&P500 in the 4th quarter worth $6,849,000.

About ProShares UltraShort S&P500

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.