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

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,788 shares, an increase of 62.3% from the August 31st total of 7,262 shares. Based on an average trading volume of 2,704 shares, the days-to-cover ratio is presently 4.4 days. Currently, 7.4% of the shares of the company are sold short.

ProShares UltraShort SmallCap 600 Price Performance

ProShares UltraShort SmallCap 600 stock traded up $0.07 during midday trading on Wednesday, hitting $9.47. The company’s stock had a trading volume of 674 shares, compared to its average volume of 3,154. ProShares UltraShort SmallCap 600 has a 1-year low of $7.79 and a 1-year high of $14.68. The company has a 50-day moving average price of $8.49 and a two-hundred day moving average price of $9.27.

ProShares UltraShort SmallCap 600 Company Profile

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.