Short Interest in ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Increases By 89.6%

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 811,181 shares, a growth of 89.6% from the May 31st total of 427,870 shares. Based on an average daily volume of 5,492,958 shares, the short-interest ratio is currently 0.1 days. Currently, 12.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SDOW. Parallel Advisors LLC raised its stake in ProShares UltraPro Short Dow30 by 261.9% during the first quarter. Parallel Advisors LLC now owns 1,737 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 1,257 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of ProShares UltraPro Short Dow30 by 164.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,815 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 1,751 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of ProShares UltraPro Short Dow30 by 120.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,863 shares of the exchange traded fund’s stock valued at $202,000 after purchasing an additional 2,657 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of ProShares UltraPro Short Dow30 during the 2nd quarter valued at approximately $207,000. Finally, XTX Topco Ltd increased its position in ProShares UltraPro Short Dow30 by 10.8% during the 4th quarter. XTX Topco Ltd now owns 12,949 shares of the exchange traded fund’s stock worth $414,000 after purchasing an additional 1,262 shares in the last quarter.

ProShares UltraPro Short Dow30 Stock Performance

Shares of SDOW remained flat at $23.46 during midday trading on Friday. The stock had a trading volume of 4,975,305 shares, compared to its average volume of 6,001,289. ProShares UltraPro Short Dow30 has a one year low of $23.41 and a one year high of $43.92. The company’s 50 day moving average price is $26.95 and its two-hundred day moving average price is $29.86.

ProShares UltraPro Short Dow30 Company Profile

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.