ProShares Hedge Replication ETF (NYSEARCA:HDG) Shares Shorted: Short Interest Down 80.4% in September

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 473 shares, a decline of 80.4% from the September 15th total of 2,410 shares. Based on an average daily trading volume, of 699 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hyundai Investments Co. Ltd. boosted its holdings in shares of ProShares Hedge Replication ETF by 68.3% during the 2nd quarter. Hyundai Investments Co. Ltd. now owns 11,431 shares of the company’s stock worth $623,000 after buying an additional 4,638 shares in the last quarter. First PREMIER Bank grew its position in shares of ProShares Hedge Replication ETF by 31.2% during the 2nd quarter. First PREMIER Bank now owns 8,566 shares of the company’s stock worth $469,000 after buying an additional 2,037 shares during the period. Independent Wealth Advisors LLC acquired a new stake in shares of ProShares Hedge Replication ETF during the 1st quarter worth approximately $298,000. Western Wealth Management LLC bought a new stake in shares of ProShares Hedge Replication ETF in the 1st quarter valued at $93,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares Hedge Replication ETF in the 1st quarter valued at $32,000.

ProShares Hedge Replication ETF Stock Down 0.2%

HDG opened at $53.95 on Tuesday. ProShares Hedge Replication ETF has a twelve month low of $50.72 and a twelve month high of $55.40. The company has a fifty day moving average of $54.61 and a 200-day moving average of $54.09. The stock has a market cap of $22.12 million, a PE ratio of 17.30 and a beta of 0.32.

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.