ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Down 47.7% in May

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 78,070 shares, a drop of 47.7% from the May 14th total of 149,194 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily volume of 3,066,277 shares, the short-interest ratio is currently 0.0 days.

ProShares UltraShort Dow30 Stock Performance

DXD opened at $17.68 on Tuesday. The firm’s fifty day moving average is $19.23 and its 200 day moving average is $19.98. ProShares UltraShort Dow30 has a fifty-two week low of $17.50 and a fifty-two week high of $26.91.

Hedge Funds Weigh In On ProShares UltraShort Dow30

Several large investors have recently made changes to their positions in the business. Group One Trading LLC grew its position in shares of ProShares UltraShort Dow30 by 2,264.8% during the first quarter. Group One Trading LLC now owns 5,439 shares of the exchange traded fund’s stock worth $120,000 after purchasing an additional 5,209 shares in the last quarter. Simplex Trading LLC lifted its holdings in ProShares UltraShort Dow30 by 18.3% in the 4th quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 1,112 shares in the last quarter. Jane Street Group LLC bought a new position in ProShares UltraShort Dow30 in the 2nd quarter worth approximately $274,000. HRT Financial LP bought a new position in ProShares UltraShort Dow30 in the 4th quarter worth approximately $340,000. Finally, Squarepoint Ops LLC grew its holdings in ProShares UltraShort Dow30 by 199.4% during the 2nd quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock valued at $868,000 after buying an additional 23,831 shares in the last quarter.

ProShares UltraShort Dow30 Company Profile

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.