ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Up 141.8% in July

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 4,007 shares, a growth of 141.8% from the June 30th total of 1,657 shares. Based on an average daily trading volume, of 826 shares, the days-to-cover ratio is presently 4.9 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP bought a new position in shares of ProShares Hedge Replication ETF in the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC purchased a new position in ProShares Hedge Replication ETF in the first quarter valued at about $32,000. Western Wealth Management LLC purchased a new position in ProShares Hedge Replication ETF in the first quarter valued at about $93,000. First PREMIER Bank grew its stake in ProShares Hedge Replication ETF by 94.9% in the fourth quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock valued at $118,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Independent Wealth Advisors LLC bought a new position in ProShares Hedge Replication ETF in the first quarter worth about $298,000.

ProShares Hedge Replication ETF Stock Performance

ProShares Hedge Replication ETF stock traded down $0.27 during midday trading on Wednesday, hitting $53.83. 1,182 shares of the company’s stock were exchanged, compared to its average volume of 1,820. The firm has a 50-day moving average of $54.46 and a two-hundred day moving average of $53.26. ProShares Hedge Replication ETF has a 12 month low of $49.66 and a 12 month high of $55.34. The company has a market cap of $22.07 million, a PE ratio of 17.30 and a beta of 0.32.

About ProShares Hedge Replication ETF

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.