Short Interest in ProShares Hedge Replication ETF (NYSEARCA:HDG) Rises By 1,441.6%

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 6,259 shares, an increase of 1,441.6% from the April 15th total of 406 shares. Based on an average trading volume of 1,407 shares, the days-to-cover ratio is presently 4.4 days. Approximately 1.5% of the company’s stock are short sold.

Institutional Trading of ProShares Hedge Replication ETF

A number of institutional investors have recently bought and sold shares of HDG. Raymond James Financial Inc. boosted its stake in ProShares Hedge Replication ETF by 9.4% in the 2nd 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 in the last quarter. National Bank of Canada FI boosted its stake in 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. Susquehanna International Group LLP boosted its stake in ProShares Hedge Replication ETF by 38.3% in the 3rd 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 in the last quarter. First PREMIER Bank boosted its stake in ProShares Hedge Replication ETF by 94.9% in the 4th quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock worth $118,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in ProShares Hedge Replication ETF in the 4th quarter worth approximately $29,000.

ProShares Hedge Replication ETF Stock Up 0.0%

Shares of ProShares Hedge Replication ETF stock traded up $0.02 during midday trading on Monday, hitting $54.16. The company had a trading volume of 2,019 shares, compared to its average volume of 1,960. The company has a fifty day simple moving average of $52.49 and a 200 day simple moving average of $52.17. The stock has a market cap of $22.21 million, a price-to-earnings ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a 12-month low of $48.82 and a 12-month high of $54.43.

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.