ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Up 141.8% in July

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 4,007 shares, an increase of 141.8% from the June 30th total of 1,657 shares. Based on an average trading volume of 826 shares, the days-to-cover ratio is presently 4.9 days. Currently, 1.0% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Hedge Replication ETF

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. raised its position in ProShares Hedge Replication ETF by 9.4% in the 2nd quarter. Raymond James Financial Inc. now owns 42,403 shares of the company’s stock valued at $2,100,000 after buying an additional 3,626 shares during the last quarter. National Bank of Canada FI boosted its holdings in ProShares Hedge Replication ETF by 8.0% during the 3rd quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock worth $359,000 after acquiring an additional 519 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in ProShares Hedge Replication ETF by 38.3% during the 3rd quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock worth $537,000 after acquiring an additional 2,908 shares during the last quarter. First PREMIER Bank grew its stake in shares of ProShares Hedge Replication ETF by 94.9% in the 4th quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock worth $118,000 after acquiring an additional 1,113 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in shares of ProShares Hedge Replication ETF in the 4th quarter worth $29,000.

ProShares Hedge Replication ETF Stock Performance

Shares of HDG opened at $53.83 on Thursday. The stock has a 50 day moving average price of $54.46 and a two-hundred day moving average price of $53.27. The firm has a market capitalization of $22.07 million, a P/E ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a 52 week low of $49.66 and a 52 week high of $55.34.

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.