ProShares Hedge Replication ETF (NYSEARCA:HDG) Stock Short Interest Drops 80.4%

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 473 shares, a decrease of 80.4% from the September 15th total of 2,410 shares. Based on an average trading volume of 699 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

ProShares Hedge Replication ETF Stock Performance

Shares of NYSEARCA:HDG traded up $0.14 during midday trading on Friday, hitting $54.05. The company’s stock had a trading volume of 21 shares, compared to its average volume of 1,528. The stock’s 50 day simple moving average is $54.62 and its 200 day simple moving average is $54.06. The stock has a market capitalization of $22.16 million, a price-to-earnings ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a fifty-two week low of $50.72 and a fifty-two week high of $55.40.

Institutional Trading of ProShares Hedge Replication ETF

Hedge funds have recently added to or reduced their stakes in the business. Hyundai Investments Co. Ltd. acquired a new position in ProShares Hedge Replication ETF during the 4th quarter valued at $414,000. Independent Wealth Advisors LLC bought a new stake in ProShares Hedge Replication ETF in the 1st quarter valued at $298,000. First PREMIER Bank boosted its holdings in ProShares Hedge Replication ETF by 185.6% in the 1st quarter. First PREMIER Bank now owns 6,529 shares of the company’s stock valued at $337,000 after purchasing an additional 4,243 shares during the period. Western Wealth Management LLC acquired a new stake in ProShares Hedge Replication ETF in the 1st quarter worth $93,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in ProShares Hedge Replication ETF in the 1st quarter worth $32,000.

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.