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

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the recipient of a significant decrease in short interest during 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 daily trading volume, of 2,031 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

A number of hedge funds have recently bought and sold shares of HDG. Hyundai Investments Co. Ltd. purchased a new position in ProShares Hedge Replication ETF during the fourth quarter worth approximately $414,000. Independent Wealth Advisors LLC purchased a new position in ProShares Hedge Replication ETF during the first quarter worth approximately $298,000. First PREMIER Bank boosted its position in ProShares Hedge Replication ETF by 185.6% during the first quarter. First PREMIER Bank now owns 6,529 shares of the company’s stock worth $337,000 after purchasing an additional 4,243 shares in the last quarter. Raymond James Financial Inc. boosted its position in ProShares Hedge Replication ETF by 9.4% during the second quarter. Raymond James Financial Inc. now owns 42,403 shares of the company’s stock worth $2,100,000 after purchasing an additional 3,626 shares in the last quarter. Finally, Susquehanna International Group LLP raised its holdings in shares of 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 valued at $537,000 after acquiring an additional 2,908 shares during the last quarter.

ProShares Hedge Replication ETF Stock Down 0.1%

Shares of HDG traded down $0.05 during mid-day trading on Friday, reaching $54.53. The company had a trading volume of 228 shares, compared to its average volume of 2,235. ProShares Hedge Replication ETF has a 52-week low of $48.82 and a 52-week high of $54.58. The stock has a market capitalization of $22.36 million, a P/E ratio of 17.30 and a beta of 0.32. The stock has a 50 day moving average of $52.97 and a two-hundred day moving average of $52.39.

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.