ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Update

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 2,120 shares, an increase of 266.1% from the May 14th total of 579 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 4,647 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of ProShares Hedge Replication ETF

Several large investors have recently bought and sold shares of the business. Independent Wealth Advisors LLC acquired a new stake in ProShares Hedge Replication ETF in the first quarter valued at about $298,000. Western Wealth Management LLC acquired a new stake in ProShares Hedge Replication ETF in the first quarter valued at about $93,000. Cassaday & Co Wealth Management LLC acquired a new stake in ProShares Hedge Replication ETF in the first quarter valued at about $32,000. First PREMIER Bank boosted its stake in ProShares Hedge Replication ETF by 185.6% in the first quarter. First PREMIER Bank now owns 6,529 shares of the company’s stock valued at $337,000 after buying an additional 4,243 shares in the last quarter. Finally, Hyundai Investments Co. Ltd. acquired a new stake in ProShares Hedge Replication ETF in the fourth quarter valued at about $414,000.

ProShares Hedge Replication ETF Stock Up 0.3%

Shares of HDG traded up $0.18 during trading hours on Friday, hitting $54.60. 632 shares of the company were exchanged, compared to its average volume of 2,112. The company has a market cap of $22.39 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 $48.82 and a fifty-two week high of $54.97. The firm’s fifty day moving average is $53.60 and its 200 day moving average is $52.62.

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.