ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Update

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,120 shares, a growth of 266.1% from the May 14th total of 579 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 4,647 shares, the days-to-cover ratio is presently 0.5 days.

ProShares Hedge Replication ETF Stock Up 0.3%

Shares of HDG stock traded up $0.18 during trading on Friday, reaching $54.60. 632 shares of the company’s stock were exchanged, compared to its average volume of 2,112. The stock has a market capitalization of $22.39 million, a PE ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a twelve month low of $48.82 and a twelve month high of $54.97. The firm’s fifty day moving average price is $53.60 and its 200-day moving average price is $52.62.

Institutional Inflows and Outflows

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

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.