Short Interest in ProShares UltraShort Dow30 (NYSEARCA:DXD) Drops By 23.6%

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 101,250 shares, a decline of 23.6% from the January 15th total of 132,479 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,999,376 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,999,376 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.2% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares UltraShort Dow30

Several institutional investors and hedge funds have recently modified their holdings of DXD. Squarepoint Ops LLC increased its stake in shares of ProShares UltraShort Dow30 by 199.4% in the second quarter. Squarepoint Ops LLC now owns 35,783 shares of the exchange traded fund’s stock worth $868,000 after purchasing an additional 23,831 shares during the period. HRT Financial LP acquired a new position in shares of ProShares UltraShort Dow30 during the fourth quarter worth approximately $340,000. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Dow30 in the third quarter valued at approximately $291,000. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Dow30 in the second quarter worth $274,000. Finally, Simplex Trading LLC increased its position in ProShares UltraShort Dow30 by 18.3% during the fourth quarter. Simplex Trading LLC now owns 7,173 shares of the exchange traded fund’s stock worth $147,000 after acquiring an additional 1,112 shares during the period.

ProShares UltraShort Dow30 Price Performance

DXD traded down $0.05 during midday trading on Friday, hitting $19.39. 2,664,410 shares of the company’s stock traded hands, compared to its average volume of 2,318,287. The stock’s fifty day simple moving average is $19.87 and its 200-day simple moving average is $21.49. ProShares UltraShort Dow30 has a one year low of $18.62 and a one year high of $35.79.

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.