ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Shares Shorted: Short Interest Up 90.9% in October

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 1,961 shares, a growth of 90.9% from the October 15th total of 1,027 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 734 shares, the days-to-cover ratio is currently 2.7 days.

ProShares UltraShort SmallCap 600 Stock Performance

Shares of SDD stock traded up $0.04 during mid-day trading on Friday, hitting $8.94. 1,215 shares of the stock traded hands, compared to its average volume of 2,927. The stock’s fifty day moving average is $9.12 and its two-hundred day moving average is $9.49. ProShares UltraShort SmallCap 600 has a 52-week low of $7.79 and a 52-week high of $14.68.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares UltraShort SmallCap 600 stock. WealthPlan Investment Management LLC increased its position in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) by 95.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,000 shares of the company’s stock after acquiring an additional 19,533 shares during the quarter. WealthPlan Investment Management LLC owned about 23.53% of ProShares UltraShort SmallCap 600 worth $380,000 as of its most recent SEC filing.

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.