ProShares Hedge Replication ETF (NYSEARCA:HDG) Shares Shorted: Short Interest Up 99.2% in October

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 942 shares, an increase of 99.2% from the September 30th total of 473 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,010 shares, the short-interest ratio is presently 0.9 days.

ProShares Hedge Replication ETF Price Performance

NYSEARCA:HDG opened at $53.53 on Tuesday. ProShares Hedge Replication ETF has a 12 month low of $50.72 and a 12 month high of $55.40. The firm has a market capitalization of $27.30 million, a PE ratio of 17.30 and a beta of 0.32. The business’s fifty day moving average price is $54.23 and its 200 day moving average price is $53.65.

Institutional Inflows and Outflows

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

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.