ProShares Short Dow30 (NYSEARCA:DOG – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 563,574 shares, an increase of 74.6% from the July 30th total of 322,803 shares. Approximately 12.2% of the company’s shares are sold short. Based on an average daily volume of 2,567,834 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On ProShares Short Dow30
Several institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors acquired a new stake in shares of ProShares Short Dow30 during the first quarter worth about $9,560,000. Renaissance Technologies LLC acquired a new stake in ProShares Short Dow30 during the 1st quarter worth approximately $2,090,000. Group One Trading LLC boosted its position in ProShares Short Dow30 by 3,260.9% in the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock valued at $38,000 after buying an additional 1,500 shares during the period. IMC Chicago LLC acquired a new position in shares of ProShares Short Dow30 in the first quarter worth $544,000. Finally, J2 Capital Management Inc purchased a new stake in shares of ProShares Short Dow30 during the first quarter worth $958,000.
ProShares Short Dow30 Stock Performance
DOG opened at $21.29 on Monday. ProShares Short Dow30 has a 52 week low of $20.77 and a 52 week high of $25.21. The business has a fifty day simple moving average of $21.51 and a 200-day simple moving average of $22.61.
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.
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