Short Interest in ProShares Hedge Replication ETF (NYSEARCA:HDG) Declines By 54.8%

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 275 shares, a decline of 54.8% from the March 15th total of 608 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,909 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP acquired a new position in ProShares Hedge Replication ETF during the 4th quarter worth approximately $29,000. First PREMIER Bank raised its position in shares of ProShares Hedge Replication ETF by 14,562.5% in the 3rd quarter. First PREMIER Bank now owns 1,173 shares of the company’s stock valued at $60,000 after purchasing an additional 1,165 shares in the last quarter. National Bank of Canada FI raised its position in shares of ProShares Hedge Replication ETF by 8.0% in the 3rd quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock valued at $359,000 after purchasing an additional 519 shares in the last quarter. Hyundai Investments Co. Ltd. acquired a new position in shares of ProShares Hedge Replication ETF in the 4th quarter valued at approximately $414,000. Finally, Susquehanna International Group LLP raised its position in shares of ProShares Hedge Replication ETF by 38.3% in the 3rd quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock valued at $537,000 after purchasing an additional 2,908 shares in the last quarter.

ProShares Hedge Replication ETF Price Performance

ProShares Hedge Replication ETF stock traded up $0.23 during midday trading on Tuesday, hitting $52.91. 267 shares of the company were exchanged, compared to its average volume of 2,130. The company’s fifty day moving average price is $52.23 and its 200-day moving average price is $51.90. The company has a market cap of $21.69 million, a PE ratio of 17.30 and a beta of 0.31. ProShares Hedge Replication ETF has a fifty-two week low of $47.08 and a fifty-two week high of $53.42.

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.