ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Sees Large Decrease in Short Interest

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,514 shares, a decrease of 87.2% from the September 15th total of 11,788 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 1,791 shares, the short-interest ratio is currently 0.8 days.

ProShares UltraShort SmallCap 600 Stock Performance

SDD traded down $0.03 during midday trading on Friday, hitting $9.33. 21 shares of the company traded hands, compared to its average volume of 3,136. The business has a 50 day simple moving average of $8.64 and a two-hundred day simple moving average of $9.14. ProShares UltraShort SmallCap 600 has a 52-week low of $7.79 and a 52-week 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.