ProShares Merger ETF (BATS:MRGR) Stock Short Interest Report for October

ProShares Merger ETF (BATS:MRGR) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,448 shares, a growth of 76.1% from the September 30th total of 1,390 shares. Based on an average trading volume of 1,308 shares, the short-interest ratio is presently 1.9 days. Currently, 1.0% of the company’s shares are short sold.

Institutional Trading of ProShares Merger ETF

A number of large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC grew its holdings in shares of ProShares Merger ETF by 11.6% in the first quarter. Kestra Advisory Services LLC now owns 5,319 shares of the company’s stock worth $240,000 after purchasing an additional 553 shares during the last quarter. City Center Advisors LLC lifted its holdings in ProShares Merger ETF by 24.0% during the 2nd quarter. City Center Advisors LLC now owns 7,541 shares of the company’s stock valued at $343,000 after buying an additional 1,460 shares in the last quarter. Syntegra Private Wealth Group LLC lifted its holdings in ProShares Merger ETF by 52.9% during the 1st quarter. Syntegra Private Wealth Group LLC now owns 32,385 shares of the company’s stock valued at $1,460,000 after buying an additional 11,206 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in ProShares Merger ETF by 83.6% during the 1st quarter. Royal Bank of Canada now owns 38,550 shares of the company’s stock valued at $1,738,000 after buying an additional 17,558 shares in the last quarter.

ProShares Merger ETF Price Performance

MRGR opened at $45.45 on Monday. The business has a fifty day moving average of $45.32 and a 200 day moving average of $45.18. The stock has a market cap of $11.36 million, a P/E ratio of 24.24 and a beta of 0.04. ProShares Merger ETF has a 52-week low of $44.37 and a 52-week high of $46.22.

ProShares Merger ETF Company Profile

The ProShares Merger ETF (MRGR) is an exchange-traded fund that is based on the S&P Merger Arbitrage index. The fund tracks an index of developed-market equities involved in merger deals, with long exposure to target firms and short exposure to acquiring firms. The fund is net long and hedges FX risk. MRGR was launched on Dec 11, 2012 and is managed by ProShares.