ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Short Interest Update

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 1,316 shares, a decrease of 37.6% from the January 15th total of 2,110 shares. Based on an average daily volume of 2,151 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.1% of the shares of the company are sold short. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 2,151 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On ProShares UltraShort SmallCap 600

An institutional investor recently bought a new position in ProShares UltraShort SmallCap 600 stock. WealthPlan Investment Management LLC purchased a new position in shares of ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,467 shares of the company’s stock, valued at approximately $164,000. WealthPlan Investment Management LLC owned 8.44% of ProShares UltraShort SmallCap 600 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort SmallCap 600 Stock Down 3.0%

Shares of ProShares UltraShort SmallCap 600 stock traded down $0.32 during midday trading on Friday, reaching $10.47. 2,288 shares of the company’s stock traded hands, compared to its average volume of 1,606. ProShares UltraShort SmallCap 600 has a 52 week low of $10.29 and a 52 week high of $24.76. The company’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $12.86.

ProShares UltraShort SmallCap 600 Company Profile

ProShares UltraShort SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P SmallCap 600 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.