ProShares UltraShort Utilities (NYSEARCA:SDP) Short Interest Update

ProShares UltraShort Utilities (NYSEARCA:SDP) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 6,077 shares, an increase of 224.6% from the August 15th total of 1,872 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily volume of 4,641 shares, the days-to-cover ratio is presently 1.3 days.

ProShares UltraShort Utilities Trading Up 0.9%

Shares of SDP stock traded up $0.21 during mid-day trading on Friday, reaching $24.72. The stock had a trading volume of 15,387 shares, compared to its average volume of 5,840. ProShares UltraShort Utilities has a 12-month low of $19.78 and a 12-month high of $26.77. The business has a 50-day simple moving average of $22.77 and a 200 day simple moving average of $22.06.

ProShares UltraShort Utilities Company Profile

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities 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.