ProShares UltraShort S&P500 (SDS) Short Interest Update

ProShares UltraShort S&P500 (NYSEARCA:SDS) saw a large increase in short interest during the month of March. As of March 29th, there was short interest totalling 1,315,926 shares, an increase of 97.6% from the March 15th total of 665,813 shares. Based on an average trading volume of 7,472,532 shares, the short-interest ratio is currently 0.2 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SDS. Kings Point Capital Management bought a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter valued at about $26,000. PNC Financial Services Group Inc. purchased a new position in ProShares UltraShort S&P500 during the 4th quarter valued at about $86,000. FTB Advisors Inc. purchased a new position in ProShares UltraShort S&P500 during the 4th quarter valued at about $87,000. JFS Wealth Advisors LLC increased its holdings in ProShares UltraShort S&P500 by 70.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 8,500 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 3,500 shares during the period. Finally, Terril Brothers Inc. purchased a new position in ProShares UltraShort S&P500 during the 4th quarter valued at about $404,000.

NYSEARCA SDS opened at $31.66 on Wednesday. ProShares UltraShort S&P500 has a 1-year low of $31.47 and a 1-year high of $49.47.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were paid a $0.0902 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, March 20th.

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ProShares UltraShort S&P500 Company Profile

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.

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