ProShares UltraPro Short Dow30 (SDOW) Sees Significant Drop in Short Interest

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 376,698 shares, a drop of 49.5% from the January 15th total of 745,691 shares. Based on an average daily volume of 4,307,445 shares, the short-interest ratio is presently 0.1 days.

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in ProShares UltraPro Short Dow30 in the third quarter valued at $104,000. Virtu Financial LLC grew its position in ProShares UltraPro Short Dow30 by 408.0% in the third quarter. Virtu Financial LLC now owns 71,045 shares of the exchange traded fund’s stock valued at $1,017,000 after purchasing an additional 57,060 shares in the last quarter. Renaissance Technologies LLC bought a new position in ProShares UltraPro Short Dow30 in the second quarter valued at $262,000. Finally, Evolution Wealth Advisors LLC bought a new position in ProShares UltraPro Short Dow30 in the fourth quarter valued at $39,000.

ProShares UltraPro Short Dow30 stock opened at $13.78 on Friday. ProShares UltraPro Short Dow30 has a 1-year low of $13.54 and a 1-year high of $24.21.

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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.

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