ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Down 90.7% in May

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 579 shares, a decrease of 90.7% from the April 30th total of 6,259 shares. Based on an average trading volume of 2,031 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP acquired a new position in ProShares Hedge Replication ETF during the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new position in ProShares Hedge Replication ETF during the first quarter worth $32,000. Western Wealth Management LLC acquired a new position in ProShares Hedge Replication ETF during the first quarter worth $93,000. First PREMIER Bank grew its holdings in ProShares Hedge Replication ETF by 94.9% during the fourth quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock worth $118,000 after acquiring an additional 1,113 shares during the period. Finally, Independent Wealth Advisors LLC acquired a new position in ProShares Hedge Replication ETF during the first quarter worth $298,000.

ProShares Hedge Replication ETF Stock Down 0.1%

HDG stock traded down $0.05 on Friday, reaching $54.53. 228 shares of the company’s stock were exchanged, compared to its average volume of 2,235. The stock has a fifty day moving average of $53.02 and a 200-day moving average of $52.41. ProShares Hedge Replication ETF has a twelve month low of $48.82 and a twelve month high of $54.58. The firm has a market cap of $22.36 million, a PE ratio of 17.30 and a beta of 0.32.

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.