Short Interest in ProShares Hedge Replication ETF (NYSEARCA:HDG) Expands By 266.1%

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,120 shares, a growth of 266.1% from the May 14th total of 579 shares. Based on an average trading volume of 4,647 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

ProShares Hedge Replication ETF Stock Performance

NYSEARCA HDG traded up $0.18 during trading hours on Friday, hitting $54.60. The company had a trading volume of 632 shares, compared to its average volume of 2,112. ProShares Hedge Replication ETF has a 1-year low of $48.82 and a 1-year high of $54.97. The company has a market cap of $22.39 million, a PE ratio of 17.30 and a beta of 0.32. The business has a 50 day moving average of $53.60 and a 200-day moving average of $52.62.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

Large investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in shares of ProShares Hedge Replication ETF in the fourth quarter valued at about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of ProShares Hedge Replication ETF in the first quarter valued at about $32,000. Western Wealth Management LLC purchased a new stake in shares of ProShares Hedge Replication ETF in the first quarter valued at about $93,000. First PREMIER Bank raised its holdings in shares of ProShares Hedge Replication ETF by 94.9% in the fourth quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock valued at $118,000 after buying an additional 1,113 shares during the last quarter. Finally, Independent Wealth Advisors LLC purchased a new stake in shares of ProShares Hedge Replication ETF in the first quarter valued at about $298,000.

About ProShares Hedge Replication ETF

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.