ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Update

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 4,007 shares, a growth of 141.8% from the June 30th total of 1,657 shares. Based on an average trading volume of 826 shares, the days-to-cover ratio is presently 4.9 days. Currently, 1.0% of the shares of the stock are sold short.

ProShares Hedge Replication ETF Stock Performance

ProShares Hedge Replication ETF stock opened at $54.19 on Tuesday. The stock has a market cap of $22.22 million, a P/E ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a fifty-two week low of $49.66 and a fifty-two week high of $55.34. The firm’s fifty day moving average price is $54.45 and its 200-day moving average price is $53.24.

Institutional Trading of ProShares Hedge Replication ETF

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP bought a new stake in ProShares Hedge Replication ETF in the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of ProShares Hedge Replication ETF in the first quarter worth about $32,000. Western Wealth Management LLC purchased a new position in shares of ProShares Hedge Replication ETF in the first quarter worth about $93,000. First PREMIER Bank lifted its stake in shares of ProShares Hedge Replication ETF by 94.9% in the 4th quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock valued at $118,000 after acquiring an additional 1,113 shares during the last quarter. Finally, Independent Wealth Advisors LLC purchased a new stake in ProShares Hedge Replication ETF during the 1st quarter valued at about $298,000.

ProShares Hedge Replication ETF Company Profile

The ProShares Hedge Replication ETF (HDG) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund tracks an index that uses long and short exposure to equity, Treasury and currency indexes, and individual securities to mimic the returns of a broad hedge fund index. HDG was launched on Jul 12, 2011 and is managed by ProShares.