ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Up 168.7% in July

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 278,946 shares, an increase of 168.7% from the July 15th total of 103,828 shares. Approximately 11.8% of the company’s shares are short sold. Based on an average trading volume of 592,181 shares, the short-interest ratio is currently 0.5 days.

ProShares UltraShort Dow30 Price Performance

Shares of DXD stock traded up $0.05 during mid-day trading on Friday, reaching $16.37. The stock had a trading volume of 826,775 shares, compared to its average volume of 2,196,691. The stock’s 50-day moving average price is $17.22 and its two-hundred day moving average price is $19.01. ProShares UltraShort Dow30 has a 52-week low of $15.75 and a 52-week high of $23.92.

Institutional Trading of ProShares UltraShort Dow30

Large investors have recently modified their holdings of the business. IMC Chicago LLC bought a new position in ProShares UltraShort Dow30 during the 1st quarter valued at approximately $2,189,000. Quadrature Capital Ltd purchased a new stake in ProShares UltraShort Dow30 in the 4th quarter worth approximately $929,000. Squarepoint Ops LLC grew its position in shares of ProShares UltraShort Dow30 by 199.4% in the 2nd quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock worth $868,000 after buying an additional 23,831 shares during the last quarter. HRT Financial LP bought a new stake in shares of ProShares UltraShort Dow30 in the 4th quarter worth approximately $340,000. Finally, Jane Street Group LLC purchased a new position in shares of ProShares UltraShort Dow30 during the second quarter valued at approximately $274,000.

ProShares UltraShort Dow30 Company Profile

ProShares UltraShort Dow30 (the Fund), formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no predetermined criteria except that components should be established United States companies.