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

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,922 shares, a decrease of 52.0% from the July 15th total of 4,007 shares. Based on an average trading volume of 1,264 shares, the short-interest ratio is currently 1.5 days. Currently, 0.5% of the shares of the stock are short sold.

ProShares Hedge Replication ETF Stock Performance

Shares of NYSEARCA HDG traded down $0.10 during trading hours on Friday, hitting $55.03. 105 shares of the stock were exchanged, compared to its average volume of 1,768. The company’s fifty day simple moving average is $54.54 and its two-hundred day simple moving average is $53.46. The company has a market cap of $22.56 million, a PE ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a 1-year low of $49.91 and a 1-year high of $55.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HDG. Allworth Financial LP acquired a new stake in ProShares Hedge Replication ETF in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of ProShares Hedge Replication ETF during the 1st quarter valued at $32,000. Western Wealth Management LLC bought a new stake in ProShares Hedge Replication ETF during the 1st quarter worth $93,000. Independent Wealth Advisors LLC bought a new stake in ProShares Hedge Replication ETF during the 1st quarter worth $298,000. Finally, First PREMIER Bank increased its holdings in ProShares Hedge Replication ETF by 185.6% in the 1st quarter. First PREMIER Bank now owns 6,529 shares of the company’s stock worth $337,000 after purchasing an additional 4,243 shares in the last quarter.

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.