ProShares Short Dow30 (NYSEARCA:DOG) Short Interest Update

ProShares Short Dow30 (NYSEARCA:DOG) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 309,641 shares, an increase of 147.5% from the April 15th total of 125,102 shares. Based on an average daily volume of 3,129,119 shares, the days-to-cover ratio is presently 0.1 days. Currently, 6.4% of the company’s stock are short sold.

ProShares Short Dow30 Stock Performance

DOG traded up $0.20 during trading on Friday, hitting $22.90. 851,866 shares of the company’s stock were exchanged, compared to its average volume of 5,387,289. ProShares Short Dow30 has a fifty-two week low of $22.43 and a fifty-two week high of $27.27. The business’s 50 day moving average is $23.70 and its two-hundred day moving average is $23.53.

Institutional Trading of ProShares Short Dow30

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOG. Oppenheimer & Co. Inc. bought a new position in shares of ProShares Short Dow30 in the third quarter valued at approximately $1,116,000. Sugar Maple Asset Management LLC purchased a new stake in ProShares Short Dow30 in the 4th quarter valued at $2,114,000. IMC Chicago LLC bought a new position in ProShares Short Dow30 during the 3rd quarter valued at $919,000. Arkadios Wealth Advisors purchased a new position in ProShares Short Dow30 during the 3rd quarter worth $4,119,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of ProShares Short Dow30 in the 4th quarter worth $27,000.

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.