ProShares Hedge Replication ETF (NYSEARCA:HDG – Get Free Report) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 6,259 shares, a growth of 1,441.6% from the April 15th total of 406 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 1,407 shares, the short-interest ratio is currently 4.4 days.
Institutional Investors Weigh In On ProShares Hedge Replication ETF
Large investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in ProShares Hedge Replication ETF in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in ProShares Hedge Replication ETF in the first quarter valued at approximately $32,000. First PREMIER Bank boosted its position in ProShares Hedge Replication ETF by 94.9% in the fourth quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock valued at $118,000 after buying an additional 1,113 shares during the last quarter. National Bank of Canada FI raised its stake in shares of 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 valued at $359,000 after buying an additional 519 shares during the last quarter. Finally, Hyundai Investments Co. Ltd. purchased a new position in shares of ProShares Hedge Replication ETF during the 4th quarter valued at about $414,000.
ProShares Hedge Replication ETF Stock Performance
NYSEARCA HDG traded up $0.02 during trading hours on Monday, reaching $54.16. The stock had a trading volume of 2,019 shares, compared to its average volume of 1,960. The stock has a fifty day moving average of $52.49 and a 200 day moving average of $52.17. The stock has a market cap of $22.21 million, a P/E ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a 52-week low of $48.82 and a 52-week high of $54.43.
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.
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