ProShares Short Dow30 (NYSEARCA:DOG) Short Interest Down 76.9% in May

ProShares Short Dow30 (NYSEARCA:DOG) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 74,172 shares, a decrease of 76.9% from the May 14th total of 320,538 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 1,534,016 shares, the days-to-cover ratio is presently 0.0 days.

ProShares Short Dow30 Stock Down 0.1%

Shares of DOG opened at $22.38 on Wednesday. The business’s 50 day moving average is $23.07 and its two-hundred day moving average is $23.34. ProShares Short Dow30 has a 52-week low of $22.02 and a 52-week high of $26.95.

Hedge Funds Weigh In On ProShares Short Dow30

A number of institutional investors have recently made changes to their positions in DOG. Kestra Advisory Services LLC acquired a new stake in shares of ProShares Short Dow30 during the 4th quarter valued at approximately $27,000. JPMorgan Chase & Co. raised its position in shares of ProShares Short Dow30 by 11,700.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock valued at $30,000 after acquiring an additional 1,170 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of ProShares Short Dow30 during the 2nd quarter valued at approximately $33,000. Group One Trading LLC raised its position in shares of ProShares Short Dow30 by 3,260.9% during the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock valued at $38,000 after acquiring an additional 1,500 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of ProShares Short Dow30 during the 3rd quarter valued at approximately $74,000.

About ProShares Short Dow30

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.