ProShares Short Dow30 (NYSEARCA:DOG) Sees Significant Increase in Short Interest

ProShares Short Dow30 (NYSEARCA:DOG) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 359,548 shares, a growth of 150.5% from the June 15th total of 143,504 shares. Approximately 7.7% of the shares of the stock are sold short. Based on an average daily volume of 2,051,550 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On ProShares Short Dow30

A number of hedge funds have recently made changes to their positions in DOG. Arkadios Wealth Advisors purchased a new stake in ProShares Short Dow30 in the first quarter worth $9,560,000. Oppenheimer & Co. Inc. lifted its position in ProShares Short Dow30 by 331.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 197,935 shares of the company’s stock valued at $4,649,000 after buying an additional 152,072 shares during the period. Sugar Maple Asset Management LLC purchased a new position in ProShares Short Dow30 during the fourth quarter valued at $2,114,000. Renaissance Technologies LLC bought a new stake in shares of ProShares Short Dow30 during the 1st quarter valued at $2,090,000. Finally, UBS Group AG boosted its holdings in shares of ProShares Short Dow30 by 53.2% during the 4th quarter. UBS Group AG now owns 125,497 shares of the company’s stock valued at $2,948,000 after buying an additional 43,588 shares in the last quarter.

ProShares Short Dow30 Stock Performance

NYSEARCA:DOG traded down $0.05 during mid-day trading on Wednesday, reaching $21.55. The stock had a trading volume of 1,952,461 shares, compared to its average volume of 4,351,720. The firm has a 50 day moving average price of $22.19 and a two-hundred day moving average price of $22.97. ProShares Short Dow30 has a one year low of $21.24 and a one year high of $26.06.

ProShares Short Dow30 Company Profile

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.