Short Interest in ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) Decreases By 41.5%

ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 152 shares, a drop of 41.5% from the December 31st total of 260 shares. Based on an average trading volume of 249 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 249 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On ProShares MSCI Transformational Changes ETF

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in ProShares MSCI Transformational Changes ETF in the 2nd quarter valued at about $43,000. Cetera Investment Advisers purchased a new stake in shares of ProShares MSCI Transformational Changes ETF in the 2nd quarter valued at approximately $240,000. Citadel Advisors LLC acquired a new position in shares of ProShares MSCI Transformational Changes ETF in the 3rd quarter worth approximately $318,000. Finally, Jane Street Group LLC increased its holdings in ProShares MSCI Transformational Changes ETF by 141.2% in the 1st quarter. Jane Street Group LLC now owns 20,063 shares of the company’s stock valued at $901,000 after purchasing an additional 11,745 shares during the last quarter.

ProShares MSCI Transformational Changes ETF Trading Down 1.6%

ProShares MSCI Transformational Changes ETF stock traded down $0.83 during midday trading on Friday, hitting $50.27. 31 shares of the stock were exchanged, compared to its average volume of 312. The stock’s 50-day simple moving average is $50.77 and its 200 day simple moving average is $50.97. ProShares MSCI Transformational Changes ETF has a fifty-two week low of $37.49 and a fifty-two week high of $52.91. The stock has a market capitalization of $7.54 million, a price-to-earnings ratio of 29.96 and a beta of 1.00.

About ProShares MSCI Transformational Changes ETF

The ProShares MSCI Transformational Changes ETF (ANEW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of global stocks that benefit from transformational changes in peoples work, health care, consumption, and connection. ANEW was launched on Oct 14, 2020 and is managed by ProShares.