ProShares Short Dow30 (NYSEARCA:DOG) Sees Large Growth in Short Interest

ProShares Short Dow30 (NYSEARCA:DOG) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 428,453 shares, a growth of 171.6% from the September 15th total of 157,738 shares. Currently, 7.8% of the company’s stock are sold short. Based on an average trading volume of 7,651,401 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DOG. Maltin Wealth Management Inc. purchased a new stake in shares of ProShares Short Dow30 in the third quarter worth about $405,000. Squarepoint Ops LLC purchased a new stake in shares of ProShares Short Dow30 during the 2nd quarter valued at about $863,000. Arkadios Wealth Advisors purchased a new stake in shares of ProShares Short Dow30 during the 1st quarter valued at about $9,560,000. Renaissance Technologies LLC acquired a new position in ProShares Short Dow30 during the 1st quarter worth approximately $2,090,000. Finally, Group One Trading LLC lifted its position in ProShares Short Dow30 by 3,260.9% during the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock worth $38,000 after acquiring an additional 1,500 shares in the last quarter.

ProShares Short Dow30 Stock Performance

Shares of NYSEARCA:DOG traded up $0.07 during midday trading on Wednesday, hitting $22.07. 4,751,613 shares of the company’s stock traded hands, compared to its average volume of 4,402,974. The firm’s fifty day moving average price is $21.65 and its two-hundred day moving average price is $22.23. ProShares Short Dow30 has a twelve month low of $20.77 and a twelve month high of $25.12.

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.