ProShares Hedge Replication ETF (NYSEARCA:HDG) Sees Significant Drop in Short Interest

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 579 shares, a drop of 90.7% from the April 30th total of 6,259 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,031 shares, the days-to-cover ratio is presently 0.3 days.

ProShares Hedge Replication ETF Stock Up 0.2%

HDG stock traded up $0.09 during trading on Thursday, hitting $54.59. 215 shares of the company’s stock traded hands, compared to its average volume of 2,255. The firm has a market capitalization of $22.38 million, a P/E ratio of 17.30 and a beta of 0.32. The business has a fifty day simple moving average of $52.92 and a two-hundred day simple moving average of $52.37. ProShares Hedge Replication ETF has a 1 year low of $48.82 and a 1 year high of $54.59.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

Several institutional investors and hedge funds have recently bought and sold shares of HDG. Raymond James Financial Inc. grew its holdings in ProShares Hedge Replication ETF by 9.4% in the second quarter. Raymond James Financial Inc. now owns 42,403 shares of the company’s stock worth $2,100,000 after purchasing an additional 3,626 shares during the last quarter. National Bank of Canada FI grew its holdings in ProShares Hedge Replication ETF by 8.0% in the third quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock worth $359,000 after purchasing an additional 519 shares during the last quarter. Susquehanna International Group LLP grew its holdings in ProShares Hedge Replication ETF by 38.3% in the third quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock worth $537,000 after purchasing an additional 2,908 shares during the last quarter. First PREMIER Bank grew its holdings 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 worth $118,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in ProShares Hedge Replication ETF in the fourth quarter worth $29,000.

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.