Short Interest in ProShares Short Dow30 (NYSEARCA:DOG) Expands By 93.5%

ProShares Short Dow30 (NYSEARCA:DOG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 143,504 shares, a growth of 93.5% from the May 31st total of 74,172 shares. Based on an average daily volume of 2,600,041 shares, the short-interest ratio is presently 0.1 days. Approximately 2.9% of the shares of the company are sold short.

ProShares Short Dow30 Stock Performance

Shares of ProShares Short Dow30 stock remained flat at $21.43 on Friday. The stock had a trading volume of 1,677,199 shares, compared to its average volume of 4,539,653. ProShares Short Dow30 has a fifty-two week low of $21.41 and a fifty-two week high of $26.06. The business has a 50-day moving average price of $22.45 and a 200 day moving average price of $23.10.

Hedge Funds Weigh In On ProShares Short Dow30

A number of institutional investors have recently modified their holdings of DOG. Kestra Advisory Services LLC purchased a new stake in ProShares Short Dow30 in the 4th quarter valued at $27,000. JPMorgan Chase & Co. increased its stake in ProShares Short Dow30 by 11,700.0% in the second quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock valued at $30,000 after purchasing an additional 1,170 shares during the period. Headlands Technologies LLC purchased a new stake in shares of ProShares Short Dow30 in the second quarter valued at about $33,000. Group One Trading LLC boosted its stake in shares of ProShares Short Dow30 by 3,260.9% during the first quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock worth $38,000 after buying an additional 1,500 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of ProShares Short Dow30 during the third quarter worth about $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.