ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Down 22.5% in March

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 608 shares, a decline of 22.5% from the February 26th total of 785 shares. Based on an average daily trading volume, of 1,141 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

A number of institutional investors have recently modified their holdings of HDG. National Bank of Canada FI lifted its holdings in shares of ProShares Hedge Replication ETF by 8.0% in the 3rd quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock worth $359,000 after purchasing an additional 519 shares in the last quarter. 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 valued at $3,807,000 after purchasing an additional 551 shares in the last quarter. First PREMIER Bank raised its holdings in ProShares Hedge Replication ETF by 14,562.5% during the third quarter. First PREMIER Bank now owns 1,173 shares of the company’s stock worth $60,000 after buying an additional 1,165 shares during the last quarter. Susquehanna International Group LLP raised its holdings in ProShares Hedge Replication ETF by 38.3% during the third quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock worth $537,000 after buying an additional 2,908 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of ProShares Hedge Replication ETF by 2.1% in the third quarter. Raymond James Financial Inc. now owns 43,298 shares of the company’s stock valued at $2,212,000 after buying an additional 895 shares in the last quarter.

ProShares Hedge Replication ETF Stock Performance

HDG stock remained flat at $50.90 during trading on Tuesday. The company had a trading volume of 262 shares, compared to its average volume of 2,279. The business’s fifty day simple moving average is $52.32 and its 200 day simple moving average is $51.84. The firm has a market capitalization of $23.92 million, a price-to-earnings ratio of 17.30 and a beta of 0.33. ProShares Hedge Replication ETF has a fifty-two week low of $46.28 and a fifty-two week high of $53.42.

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.