ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) Sees Large Decline in Short Interest

ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 60 shares, a decrease of 53.1% from the July 30th total of 128 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 408 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ProShares MSCI Transformational Changes ETF

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in ProShares MSCI Transformational Changes ETF during the 2nd quarter worth $43,000. Cetera Investment Advisers bought a new position in ProShares MSCI Transformational Changes ETF during the 2nd quarter worth about $240,000. Citadel Advisors LLC acquired a new stake in shares of ProShares MSCI Transformational Changes ETF in the third quarter valued at approximately $318,000. Finally, Jane Street Group LLC lifted its position in ProShares MSCI Transformational Changes ETF by 105.6% during the 4th quarter. Jane Street Group LLC now owns 15,208 shares of the company’s stock worth $764,000 after buying an additional 7,812 shares in the last quarter.

ProShares MSCI Transformational Changes ETF Stock Performance

Shares of NYSEARCA:ANEW traded down $0.02 during midday trading on Friday, reaching $54.62. The company had a trading volume of 16 shares, compared to its average volume of 284. ProShares MSCI Transformational Changes ETF has a 1-year low of $44.25 and a 1-year high of $54.93. The company has a fifty day simple moving average of $52.33 and a two-hundred day simple moving average of $49.91. The firm has a market cap of $8.19 million, a price-to-earnings ratio of 29.96 and a beta of 1.02.

About ProShares MSCI Transformational Changes ETF

The ProShares MSCI Transformational Changes ETF (ANEW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of global stocks that benefit from transformational changes in peoples work, health care, consumption, and connection. ANEW was launched on Oct 14, 2020 and is managed by ProShares.