Short Interest in ProShares UltraShort Dow30 (NYSEARCA:DXD) Decreases By 32.7%

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 216,225 shares, a drop of 32.7% from the August 15th total of 321,233 shares. Based on an average trading volume of 1,287,353 shares, the days-to-cover ratio is presently 0.2 days. Currently, 9.2% of the shares of the company are sold short.

ProShares UltraShort Dow30 Stock Performance

NYSEARCA DXD traded down $0.21 during trading on Thursday, reaching $17.64. The company’s stock had a trading volume of 2,354,095 shares, compared to its average volume of 2,160,561. The firm has a 50 day moving average price of $16.88 and a 200 day moving average price of $18.59. ProShares UltraShort Dow30 has a 12 month low of $15.75 and a 12 month high of $23.29.

Institutional Investors Weigh In On ProShares UltraShort Dow30

A number of large investors have recently added to or reduced their stakes in DXD. Group One Trading LLC raised its holdings in ProShares UltraShort Dow30 by 2,264.8% in the 1st quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock valued at $120,000 after acquiring an additional 5,209 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of ProShares UltraShort Dow30 during the 2nd quarter worth $417,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Dow30 during the 1st quarter worth $2,189,000.

About ProShares UltraShort Dow30

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.