Short Interest in ProShares Short Dow30 (NYSEARCA:DOG) Drops By 19.3%

ProShares Short Dow30 (NYSEARCA:DOG) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 104,171 shares, a decrease of 19.3% from the December 31st total of 129,136 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,974,668 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 3,974,668 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.0% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares Short Dow30

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in ProShares Short Dow30 by 11,700.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock valued at $30,000 after acquiring an additional 1,170 shares during the period. Headlands Technologies LLC bought a new position in shares of ProShares Short Dow30 in the second quarter worth $33,000. Hedges Asset Management LLC increased its holdings in shares of ProShares Short Dow30 by 8.6% during the fourth quarter. Hedges Asset Management LLC now owns 37,450 shares of the company’s stock valued at $880,000 after purchasing an additional 2,950 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of ProShares Short Dow30 during the third quarter valued at about $74,000. Finally, Kovack Advisors Inc. lifted its holdings in ProShares Short Dow30 by 14.6% in the third quarter. Kovack Advisors Inc. now owns 30,950 shares of the company’s stock worth $753,000 after purchasing an additional 3,950 shares during the period.

ProShares Short Dow30 Stock Performance

DOG stock traded down $0.18 during mid-day trading on Wednesday, reaching $22.86. The company had a trading volume of 1,015,098 shares, compared to its average volume of 4,384,293. ProShares Short Dow30 has a one year low of $22.77 and a one year high of $30.81. The stock’s 50-day simple moving average is $23.34 and its two-hundred day simple moving average is $24.20.

ProShares Short Dow30 Company Profile

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.