ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) Sees Significant Growth in Short Interest

ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 243 shares, an increase of 305.0% from the August 15th total of 60 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 60 shares, the short-interest ratio is currently 4.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in ProShares MSCI Transformational Changes ETF during the second quarter valued at $43,000. Jane Street Group LLC grew its holdings in ProShares MSCI Transformational Changes ETF by 7.6% during the 2nd quarter. Jane Street Group LLC now owns 21,583 shares of the company’s stock worth $1,083,000 after acquiring an additional 1,520 shares during the period. Cetera Investment Advisers bought a new position in shares of ProShares MSCI Transformational Changes ETF in the 2nd quarter worth about $240,000. Finally, Citadel Advisors LLC acquired a new position in shares of ProShares MSCI Transformational Changes ETF in the 3rd quarter valued at about $318,000.

ProShares MSCI Transformational Changes ETF Stock Performance

Shares of ANEW traded up $0.41 during mid-day trading on Friday, reaching $53.31. 23 shares of the company were exchanged, compared to its average volume of 276. The business has a 50 day simple moving average of $52.94 and a two-hundred day simple moving average of $50.26. The stock has a market capitalization of $8.00 million, a PE ratio of 29.96 and a beta of 1.02. ProShares MSCI Transformational Changes ETF has a 52 week low of $44.25 and a 52 week high of $54.93.

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.