ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Down 56.7% in December

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 450 shares, a drop of 56.7% from the December 15th total of 1,040 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,082 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 1,082 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HDG. National Bank of Canada FI lifted its position in shares of ProShares Hedge Replication ETF by 8.0% in the third quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock worth $359,000 after buying an additional 519 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of ProShares Hedge Replication ETF by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 43,298 shares of the company’s stock worth $2,212,000 after acquiring an additional 895 shares in the last quarter. First PREMIER Bank boosted its position in shares of ProShares Hedge Replication ETF by 14,562.5% during the 3rd quarter. First PREMIER Bank now owns 1,173 shares of the company’s stock valued at $60,000 after acquiring an additional 1,165 shares during the last quarter. Frederick Financial Consultants LLC grew its holdings in shares of ProShares Hedge Replication ETF by 2.4% in the second quarter. Frederick Financial Consultants LLC now owns 71,810 shares of the company’s stock valued at $3,557,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in ProShares Hedge Replication ETF by 38.3% in the third quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock worth $537,000 after purchasing an additional 2,908 shares during the last quarter.

ProShares Hedge Replication ETF Stock Performance

HDG traded up $0.10 during trading on Wednesday, reaching $52.31. 1,355 shares of the company traded hands, compared to its average volume of 2,339. The company has a market cap of $24.59 million, a P/E ratio of 17.30 and a beta of 0.33. ProShares Hedge Replication ETF has a 12-month low of $46.28 and a 12-month high of $52.37. The firm has a fifty day simple moving average of $51.68 and a 200 day simple moving average of $51.05.

About ProShares Hedge Replication ETF

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.