Short Interest in ProShares UltraShort Dow30 (NYSEARCA:DXD) Decreases By 45.7%

ProShares UltraShort Dow30 (NYSEARCA:DXD) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 65,601 shares, a decline of 45.7% from the March 31st total of 120,714 shares. Based on an average trading volume of 2,787,391 shares, the short-interest ratio is presently 0.0 days. Currently, 2.4% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares UltraShort Dow30

Several institutional investors and hedge funds have recently added to or reduced their stakes in DXD. Bogart Wealth LLC bought a new position in ProShares UltraShort Dow30 during the third quarter valued at about $44,000. Simplex Trading LLC grew its stake in shares of 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 valued at $147,000 after purchasing an additional 1,112 shares during the period. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Dow30 in the 2nd quarter valued at approximately $274,000. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Dow30 in the 3rd quarter valued at approximately $291,000. Finally, HRT Financial LP bought a new stake in shares of ProShares UltraShort Dow30 in the 4th quarter valued at approximately $340,000.

ProShares UltraShort Dow30 Trading Up 0.2%

DXD traded up $0.04 on Monday, hitting $19.54. 509,935 shares of the stock traded hands, compared to its average volume of 2,830,592. ProShares UltraShort Dow30 has a 52 week low of $18.62 and a 52 week high of $29.87. The business has a fifty day moving average price of $20.77 and a two-hundred day moving average price of $20.67.

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.