ProShares Short Dow30 (NYSEARCA:DOG) Sees Significant Decrease in Short Interest

ProShares Short Dow30 (NYSEARCA:DOG) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 157,738 shares, a decline of 52.3% from the August 31st total of 330,921 shares. Based on an average daily trading volume, of 3,950,583 shares, the short-interest ratio is currently 0.0 days. Approximately 3.3% of the company’s shares are sold short.

Institutional Trading of ProShares Short Dow30

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new stake in shares of ProShares Short Dow30 during the second quarter valued at approximately $863,000. Arkadios Wealth Advisors bought a new position in shares of ProShares Short Dow30 in the 1st quarter worth $9,560,000. Renaissance Technologies LLC bought a new position in shares of ProShares Short Dow30 in the 1st quarter worth $2,090,000. Group One Trading LLC grew its position in ProShares Short Dow30 by 3,260.9% in the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock valued at $38,000 after purchasing an additional 1,500 shares during the period. Finally, IMC Chicago LLC acquired a new stake in ProShares Short Dow30 in the 1st quarter valued at $544,000.

ProShares Short Dow30 Trading Up 0.2%

Shares of DOG stock traded up $0.04 on Tuesday, hitting $22.07. The company had a trading volume of 8,674,371 shares, compared to its average volume of 4,108,344. ProShares Short Dow30 has a twelve month low of $20.77 and a twelve month high of $25.12. The stock’s 50-day moving average is $21.55 and its two-hundred day moving average is $22.41.

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.