Short Interest in ProShares Short Dow30 (NYSEARCA:DOG) Drops By 33.3%

ProShares Short Dow30 (NYSEARCA:DOG) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 221,340 shares, a drop of 33.3% from the March 15th total of 331,672 shares. Based on an average trading volume of 7,118,953 shares, the short-interest ratio is presently 0.0 days. Currently, 4.0% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares Short Dow30

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of ProShares Short Dow30 during the fourth quarter valued at approximately $27,000. JPMorgan Chase & Co. raised its position in shares of ProShares Short Dow30 by 11,700.0% during the second quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock valued at $30,000 after buying an additional 1,170 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of ProShares Short Dow30 during the second quarter valued at approximately $33,000. BNP Paribas Financial Markets bought a new stake in shares of ProShares Short Dow30 during the third quarter valued at approximately $74,000. Finally, Graves Light Lenhart Wealth Inc. bought a new stake in shares of ProShares Short Dow30 during the fourth quarter valued at approximately $337,000.

ProShares Short Dow30 Price Performance

NYSEARCA DOG traded down $0.16 on Tuesday, reaching $23.33. 4,045,565 shares of the stock were exchanged, compared to its average volume of 6,351,187. ProShares Short Dow30 has a one year low of $22.43 and a one year high of $29.69. The company’s 50-day simple moving average is $23.68 and its two-hundred day simple moving average is $23.73.

ProShares Short Dow30 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.1046 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, March 25th.

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.