ProShares Hedge Replication ETF (NYSEARCA:HDG) Short Interest Down 56.7% in December

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 450 shares, a drop of 56.7% from the December 15th total of 1,040 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,082 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,082 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Frederick Financial Consultants LLC raised its stake in shares of ProShares Hedge Replication ETF by 2.4% during the 2nd quarter. Frederick Financial Consultants LLC now owns 71,810 shares of the company’s stock worth $3,557,000 after acquiring an additional 1,684 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of ProShares Hedge Replication ETF by 2.1% during the third 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 in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of ProShares Hedge Replication ETF by 38.3% during the 3rd quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock valued at $537,000 after purchasing an additional 2,908 shares during the last quarter. National Bank of Canada FI boosted its position in shares of ProShares Hedge Replication ETF by 8.0% in 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 in the last quarter. Finally, First PREMIER Bank grew its stake in ProShares Hedge Replication ETF by 14,562.5% during the 3rd quarter. First PREMIER Bank now owns 1,173 shares of the company’s stock worth $60,000 after buying an additional 1,165 shares during the last quarter.

ProShares Hedge Replication ETF Stock Up 0.2%

Shares of NYSEARCA HDG traded up $0.10 during mid-day trading on Wednesday, reaching $52.31. 1,355 shares of the company were exchanged, compared to its average volume of 2,339. ProShares Hedge Replication ETF has a 1 year low of $46.28 and a 1 year high of $52.37. The firm has a 50-day moving average of $51.68 and a 200 day moving average of $51.05. The stock has a market cap of $24.59 million, a price-to-earnings ratio of 17.30 and a beta of 0.33.

About ProShares Hedge Replication ETF

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.