Short Interest in ProShares Hedge Replication ETF (NYSEARCA:HDG) Declines By 35.0%

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,300 shares, a decline of 35.0% from the September 30th total of 2,000 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 1.6 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 800 shares, the short-interest ratio is presently 1.6 days.

ProShares Hedge Replication ETF Stock Up 0.1%

Shares of ProShares Hedge Replication ETF stock traded up $0.06 on Monday, hitting $51.67. 108 shares of the company traded hands, compared to its average volume of 1,071. The company has a 50-day moving average price of $51.21 and a 200 day moving average price of $50.11. ProShares Hedge Replication ETF has a 12-month low of $46.28 and a 12-month high of $52.02. The company has a market cap of $24.28 million, a PE ratio of 17.30 and a beta of 0.33.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

Several institutional investors and hedge funds have recently modified their holdings of HDG. First PREMIER Bank increased its stake in ProShares Hedge Replication ETF by 14,562.5% in the third quarter. First PREMIER Bank now owns 1,173 shares of the company’s stock valued at $60,000 after acquiring an additional 1,165 shares during the period. National Bank of Canada FI raised its holdings in ProShares Hedge Replication ETF by 5.1% in the first quarter. National Bank of Canada FI now owns 6,583 shares of the company’s stock worth $320,000 after purchasing an additional 319 shares during the period. Comprehensive Wealth Management LLC raised its holdings in ProShares Hedge Replication ETF by 2.5% in the first quarter. Comprehensive Wealth Management LLC now owns 34,039 shares of the company’s stock worth $1,660,000 after purchasing an additional 844 shares during the period. Raymond James Financial Inc. raised its holdings in ProShares Hedge Replication ETF by 9.4% in the second quarter. Raymond James Financial Inc. now owns 42,403 shares of the company’s stock worth $2,100,000 after purchasing an additional 3,626 shares during the period. Finally, Frederick Financial Consultants LLC raised its holdings in ProShares Hedge Replication ETF by 4.8% in the first quarter. Frederick Financial Consultants LLC now owns 70,126 shares of the company’s stock worth $3,419,000 after purchasing an additional 3,225 shares during the period.

ProShares Hedge Replication ETF Company Profile

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.