ProShares UltraShort SmallCap 600 (NYSEARCA:SDD) Short Interest Up 43.5% in February

by · The Cerbat Gem

ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Get Free Report) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 1,888 shares, a growth of 43.5% from the January 29th total of 1,316 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 1,315 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 1,315 shares, the short-interest ratio is currently 1.4 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort SmallCap 600 stock. Susquehanna International Group LLP bought a new stake in ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,800 shares of the company’s stock, valued at approximately $168,000. Susquehanna International Group LLP owned about 10.67% of ProShares UltraShort SmallCap 600 at the end of the most recent quarter.

ProShares UltraShort SmallCap 600 Price Performance

ProShares UltraShort SmallCap 600 stock traded up $0.16 during midday trading on Tuesday, hitting $10.78. 4,611 shares of the company’s stock were exchanged, compared to its average volume of 2,092. The stock has a 50-day moving average price of $11.13 and a two-hundred day moving average price of $12.45. ProShares UltraShort SmallCap 600 has a 52-week low of $10.29 and a 52-week high of $24.76.

ProShares UltraShort SmallCap 600 Company Profile

(Get Free Report)

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.

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