ProShares Short Dow30 (NYSEARCA:DOG) Sees Significant Drop in Short Interest

ProShares Short Dow30 (NYSEARCA:DOG) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 129,136 shares, a drop of 26.3% from the December 15th total of 175,176 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 2,798,284 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 2,798,284 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.7% of the shares of the stock are short sold.

ProShares Short Dow30 Stock Up 0.3%

Shares of DOG traded up $0.06 during trading hours on Friday, hitting $22.93. 3,312,314 shares of the stock were exchanged, compared to its average volume of 3,914,401. The stock’s 50-day moving average price is $23.62 and its two-hundred day moving average price is $24.40. ProShares Short Dow30 has a 12-month low of $22.77 and a 12-month high of $30.81.

Hedge Funds Weigh In On ProShares Short Dow30

A number of institutional investors and hedge funds have recently bought and sold shares of DOG. Union Bancaire Privee UBP SA acquired a new stake in ProShares Short Dow30 in the 2nd quarter valued at about $25,000. JPMorgan Chase & Co. increased its holdings in shares of ProShares Short Dow30 by 11,700.0% in the second quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock valued at $30,000 after purchasing an additional 1,170 shares during the last quarter. Headlands Technologies LLC purchased a new position in ProShares Short Dow30 during the second quarter worth approximately $33,000. BNP Paribas Financial Markets purchased a new position in ProShares Short Dow30 during the third quarter worth approximately $74,000. Finally, Kovack Advisors Inc. boosted its stake in ProShares Short Dow30 by 14.6% during the third quarter. Kovack Advisors Inc. now owns 30,950 shares of the company’s stock worth $753,000 after buying an additional 3,950 shares during the last quarter.

About ProShares Short Dow30

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.