ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 243 shares, a growth of 305.0% from the August 15th total of 60 shares. Based on an average daily volume of 60 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ANEW. Raymond James Financial Inc. purchased a new position in ProShares MSCI Transformational Changes ETF during the 2nd quarter valued at approximately $43,000. Cetera Investment Advisers bought a new stake in ProShares MSCI Transformational Changes ETF in the second quarter worth $240,000. Citadel Advisors LLC purchased a new stake in ProShares MSCI Transformational Changes ETF during the third quarter valued at $318,000. Finally, Jane Street Group LLC lifted its position in ProShares MSCI Transformational Changes ETF by 105.6% during the fourth quarter. Jane Street Group LLC now owns 15,208 shares of the company’s stock valued at $764,000 after purchasing an additional 7,812 shares during the last quarter.
ProShares MSCI Transformational Changes ETF Price Performance
Shares of ANEW opened at $53.31 on Friday. The company has a 50 day simple moving average of $52.94 and a two-hundred day simple moving average of $50.26. ProShares MSCI Transformational Changes ETF has a 1 year low of $44.25 and a 1 year high of $54.93. The firm has a market cap of $8.00 million, a P/E ratio of 29.96 and a beta of 1.02.
About ProShares MSCI Transformational Changes ETF
The ProShares MSCI Transformational Changes ETF (ANEW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of global stocks that benefit from transformational changes in peoples work, health care, consumption, and connection. ANEW was launched on Oct 14, 2020 and is managed by ProShares.
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