ProShares Hedge Replication ETF (NYSEARCA:HDG) Sees Large Decline in Short Interest

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 473 shares, a decrease of 80.4% from the September 15th total of 2,410 shares. Based on an average trading volume of 699 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Hedge Replication ETF

Institutional investors have recently made changes to their positions in the stock. Hyundai Investments Co. Ltd. grew its stake in shares of ProShares Hedge Replication ETF by 68.3% during the 2nd quarter. Hyundai Investments Co. Ltd. now owns 11,431 shares of the company’s stock worth $623,000 after purchasing an additional 4,638 shares during the period. First PREMIER Bank lifted its stake in shares of ProShares Hedge Replication ETF by 31.2% in the second quarter. First PREMIER Bank now owns 8,566 shares of the company’s stock valued at $469,000 after purchasing an additional 2,037 shares during the period. Independent Wealth Advisors LLC acquired a new stake in shares of ProShares Hedge Replication ETF in the first quarter valued at about $298,000. Western Wealth Management LLC acquired a new stake in shares of ProShares Hedge Replication ETF in the first quarter valued at about $93,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in ProShares Hedge Replication ETF during the first quarter worth about $32,000.

ProShares Hedge Replication ETF Stock Down 0.2%

HDG stock traded down $0.10 on Monday, reaching $53.95. 531 shares of the company’s stock were exchanged, compared to its average volume of 1,523. The stock has a fifty day moving average of $54.62 and a 200-day moving average of $54.07. The firm has a market cap of $22.12 million, a PE ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a twelve month low of $50.72 and a twelve month high of $55.40.

About ProShares Hedge Replication ETF

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.