ProShares UltraShort SmallCap600 (NYSEARCA:SDD)’s stock price were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $12.15 and last traded at $12.15, approximately 100 shares traded hands during trading. A decline of 97% from the average daily volume of 3,208 shares. The stock had previously closed at $12.19.
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The company has a 50 day moving average of $12.82 and a 200-day moving average of $13.52.
A hedge fund recently raised its stake in ProShares UltraShort SmallCap600 stock. Susquehanna International Group LLP grew its position in shares of ProShares UltraShort SmallCap600 (NYSEARCA:SDD) by 11.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,740 shares of the company’s stock after purchasing an additional 1,244 shares during the period. Susquehanna International Group LLP owned about 5.26% of ProShares UltraShort SmallCap600 worth $156,000 at the end of the most recent reporting period.
About ProShares UltraShort SmallCap600 (NYSEARCA:SDD)
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.
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