ProShares Hedge Replication ETF (NYSEARCA:HDG) Sees Significant Growth in Short Interest
by Michael Walen · The Markets DailyProShares Hedge Replication ETF (NYSEARCA:HDG – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,120 shares, an increase of 266.1% from the May 14th total of 579 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 4,647 shares, the short-interest ratio is presently 0.5 days.
Institutional Trading of ProShares Hedge Replication ETF
A number of large investors have recently made changes to their positions in the stock. National Bank of Canada FI lifted 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 worth $359,000 after purchasing an additional 519 shares during the period. Frederick Financial Consultants LLC lifted its stake in shares of ProShares Hedge Replication ETF by 0.8% during the 4th quarter. Frederick Financial Consultants LLC now owns 73,820 shares of the company’s stock worth $3,807,000 after purchasing an additional 551 shares during the period. Allworth Financial LP purchased a new position in shares of ProShares Hedge Replication ETF during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of ProShares Hedge Replication ETF during the 1st quarter worth $32,000. Finally, Raymond James Financial Inc. lifted its stake in shares of ProShares Hedge Replication ETF by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 43,298 shares of the company’s stock worth $2,212,000 after purchasing an additional 895 shares during the period.
ProShares Hedge Replication ETF Stock Up 0.3%
Shares of HDG traded up $0.18 during trading hours on Friday, reaching $54.60. 632 shares of the company traded hands, compared to its average volume of 2,112. The stock has a market capitalization of $22.39 million, a PE ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a fifty-two week low of $48.82 and a fifty-two week high of $54.97. The stock has a fifty day simple moving average of $53.60 and a 200 day simple moving average of $52.62.
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.