ProShares Short Dow30 (NYSEARCA:DOG) Sees Significant Increase in Short Interest

ProShares Short Dow30 (NYSEARCA:DOG) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 428,453 shares, a growth of 171.6% from the September 15th total of 157,738 shares. Approximately 7.8% of the company’s shares are sold short. Based on an average daily trading volume, of 7,651,401 shares, the short-interest ratio is presently 0.1 days.

ProShares Short Dow30 Price Performance

ProShares Short Dow30 stock traded up $0.07 during trading hours on Tuesday, reaching $22.00. The stock had a trading volume of 9,655,851 shares, compared to its average volume of 4,403,081. The company has a fifty day simple moving average of $21.65 and a 200-day simple moving average of $22.23. ProShares Short Dow30 has a 52 week low of $20.77 and a 52 week high of $25.12.

Institutional Trading of ProShares Short Dow30

A number of institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors purchased a new stake in ProShares Short Dow30 in the first quarter worth about $9,560,000. Renaissance Technologies LLC purchased a new stake in ProShares Short Dow30 during the 1st quarter valued at about $2,090,000. J2 Capital Management Inc purchased a new stake in shares of ProShares Short Dow30 during the first quarter valued at approximately $958,000. Squarepoint Ops LLC bought a new stake in shares of ProShares Short Dow30 in the 2nd quarter worth $863,000. Finally, IMC Chicago LLC purchased a new position in ProShares Short Dow30 in the 1st quarter worth about $544,000.

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.