ProShares Hedge Replication ETF (NYSEARCA:HDG) Sees Significant Decrease in Short Interest

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,922 shares, a drop of 52.0% from the July 15th total of 4,007 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 1,264 shares, the days-to-cover ratio is presently 1.5 days.

ProShares Hedge Replication ETF Trading Up 0.0%

Shares of HDG stock traded up $0.02 on Monday, hitting $55.05. The stock had a trading volume of 1,050 shares, compared to its average volume of 1,764. ProShares Hedge Replication ETF has a twelve month low of $49.91 and a twelve month high of $55.34. The company has a fifty day moving average price of $54.54 and a two-hundred day moving average price of $53.47. The firm has a market cap of $22.57 million, a P/E ratio of 17.30 and a beta of 0.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. increased its holdings in shares of ProShares Hedge Replication ETF by 9.4% in the second quarter. Raymond James Financial Inc. now owns 42,403 shares of the company’s stock worth $2,100,000 after acquiring an additional 3,626 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of ProShares Hedge Replication ETF by 8.0% during the 3rd quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock valued at $359,000 after purchasing an additional 519 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of ProShares Hedge Replication ETF by 38.3% in the 3rd quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock valued at $537,000 after purchasing an additional 2,908 shares during the period. Allworth Financial LP acquired a new position in shares of ProShares Hedge Replication ETF in the 4th quarter valued at approximately $29,000. Finally, Frederick Financial Consultants LLC increased its stake in ProShares Hedge Replication ETF by 0.8% during the 4th quarter. Frederick Financial Consultants LLC now owns 73,820 shares of the company’s stock worth $3,807,000 after purchasing an additional 551 shares in the last quarter.

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.