ProShares UltraShort Dow30 (NYSEARCA:DXD) Short Interest Down 82.8% in May

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ProShares UltraShort Dow30 (NYSEARCA:DXD) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 144,534 shares, a drop of 82.8% from the May 15th total of 840,287 shares. Based on an average daily trading volume, of 567,453 shares, the short-interest ratio is currently 0.3 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in shares of ProShares UltraShort Dow30 by 53.8% in the first quarter. Parallel Advisors LLC now owns 28,584 shares of the exchange traded fund’s stock valued at $252,000 after buying an additional 10,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of ProShares UltraShort Dow30 in the fourth quarter valued at approximately $263,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of ProShares UltraShort Dow30 in the fourth quarter valued at approximately $481,000.

DXD opened at $34.76 on Thursday. ProShares UltraShort Dow30 has a 12-month low of $30.08 and a 12-month high of $48.24.

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.

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