ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Short Interest Down 22.5% in March

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 872,133 shares, a decrease of 22.5% from the February 26th total of 1,125,631 shares. Approximately 15.2% of the company’s stock are sold short. Based on an average daily volume of 9,786,005 shares, the short-interest ratio is currently 0.1 days.

ProShares UltraPro Short Dow30 Stock Performance

Shares of ProShares UltraPro Short Dow30 stock traded down $2.75 during trading on Tuesday, reaching $35.21. The stock had a trading volume of 14,096,148 shares, compared to its average volume of 6,997,873. The stock has a fifty day moving average price of $31.59 and a two-hundred day moving average price of $32.95. ProShares UltraPro Short Dow30 has a 52 week low of $27.55 and a 52 week high of $75.95.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd boosted 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 acquiring an additional 1,262 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of ProShares UltraPro Short Dow30 during the 4th quarter worth approximately $3,681,000. Tower Research Capital LLC TRC raised its holdings in shares of ProShares UltraPro Short Dow30 by 21.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 44,632 shares of the exchange traded fund’s stock valued at $1,426,000 after purchasing an additional 7,740 shares during the last quarter. Group One Trading LLC raised its holdings in shares of ProShares UltraPro Short Dow30 by 2.9% in the fourth quarter. Group One Trading LLC now owns 13,501 shares of the exchange traded fund’s stock valued at $431,000 after purchasing an additional 384 shares during the last quarter. Finally, Simplex Trading LLC bought a new stake in shares of ProShares UltraPro Short Dow30 in the fourth quarter worth $550,000.

About ProShares UltraPro Short Dow30

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.