ProShares Short Dow30 (NYSEARCA:DOG) Sees Significant Drop in Short Interest

ProShares Short Dow30 (NYSEARCA:DOG) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 157,738 shares, a drop of 52.3% from the August 31st total of 330,921 shares. Based on an average daily trading volume, of 3,950,583 shares, the days-to-cover ratio is presently 0.0 days. Approximately 3.3% of the shares of the company are short sold.

ProShares Short Dow30 Trading Up 0.8%

Shares of NYSEARCA DOG traded up $0.17 during trading on Wednesday, reaching $22.25. The stock had a trading volume of 8,978,602 shares, compared to its average volume of 4,130,229. The business’s 50-day moving average price is $21.56 and its 200-day moving average price is $22.39. ProShares Short Dow30 has a fifty-two week low of $20.77 and a fifty-two week high of $25.12.

Institutional Investors Weigh In On ProShares Short Dow30

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC raised its holdings in shares of ProShares Short Dow30 by 3,260.9% during the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock valued at $38,000 after purchasing an additional 1,500 shares in the last quarter. IMC Chicago LLC bought a new position in ProShares Short Dow30 in the first quarter valued at $544,000. Squarepoint Ops LLC bought a new position in ProShares Short Dow30 during the second quarter worth about $863,000. J2 Capital Management Inc acquired a new position in ProShares Short Dow30 in the 1st quarter valued at $958,000. Finally, Renaissance Technologies LLC bought a new position in ProShares Short Dow30 in the 1st quarter valued at about $2,090,000.

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.