ProShares UltraShort S&P500 (NYSEARCA:SDS) Short Interest Up 65.3% in September

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,480,000 shares, an increase of 65.3% from the August 31st total of 1,500,000 shares. Based on an average daily trading volume, of 14,460,200 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 14,460,200 shares, the short-interest ratio is presently 0.2 days.

ProShares UltraShort S&P500 Trading Up 0.1%

Shares of ProShares UltraShort S&P500 stock opened at $14.34 on Monday. ProShares UltraShort S&P500 has a twelve month low of $14.19 and a twelve month high of $28.31. The business’s 50 day simple moving average is $15.36 and its 200-day simple moving average is $17.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SDS. Union Bancaire Privee UBP SA acquired a new stake in shares of ProShares UltraShort S&P500 in the first quarter valued at approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in ProShares UltraShort S&P500 in the 1st quarter valued at approximately $176,000. JPMorgan Chase & Co. increased its position in ProShares UltraShort S&P500 by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 835 shares during the period. Financial Sense Advisors Inc. bought a new stake in ProShares UltraShort S&P500 during the 1st quarter valued at $217,000. Finally, Cadent Capital Advisors LLC acquired a new position in ProShares UltraShort S&P500 during the 1st quarter worth $218,000.

ProShares UltraShort S&P500 Company Profile

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.