Short Interest in ProShares Hedge Replication ETF (NYSEARCA:HDG) Expands By 1,441.6%

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 6,259 shares, a growth of 1,441.6% from the April 15th total of 406 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 1,407 shares, the days-to-cover ratio is currently 4.4 days.

ProShares Hedge Replication ETF Stock Performance

Shares of ProShares Hedge Replication ETF stock opened at $54.16 on Tuesday. The company has a market capitalization of $22.21 million, a PE ratio of 17.30 and a beta of 0.32. The company has a 50-day simple moving average of $52.49 and a two-hundred day simple moving average of $52.17. ProShares Hedge Replication ETF has a one year low of $48.82 and a one year high of $54.43.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

Large investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of ProShares Hedge Replication ETF during the 1st quarter valued at $32,000. First PREMIER Bank grew its stake in ProShares Hedge Replication ETF by 185.6% during the 1st quarter. First PREMIER Bank now owns 6,529 shares of the company’s stock worth $337,000 after buying an additional 4,243 shares during the last quarter. Hyundai Investments Co. Ltd. purchased a new position in ProShares Hedge Replication ETF during the 4th quarter worth $414,000. Frederick Financial Consultants LLC grew its stake in ProShares Hedge Replication ETF by 0.8% during the 4th quarter. Frederick Financial Consultants LLC now owns 73,820 shares of the company’s stock worth $3,807,000 after buying an additional 551 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in ProShares Hedge Replication ETF during the 4th quarter worth $29,000.

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.