ProShares Hedge Replication ETF (NYSEARCA:HDG) Sees Large Growth in Short Interest

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,007 shares, an increase of 141.8% from the June 30th total of 1,657 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 826 shares, the days-to-cover ratio is currently 4.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Frederick Financial Consultants LLC grew its stake in shares of ProShares Hedge Replication ETF by 0.8% in the 4th quarter. Frederick Financial Consultants LLC now owns 73,820 shares of the company’s stock worth $3,807,000 after buying an additional 551 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of ProShares Hedge Replication ETF by 2.1% in the third quarter. Raymond James Financial Inc. now owns 43,298 shares of the company’s stock valued at $2,212,000 after acquiring an additional 895 shares during the period. Susquehanna International Group LLP grew its holdings in 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. Hyundai Investments Co. Ltd. purchased a new position in shares of ProShares Hedge Replication ETF during the fourth quarter valued at approximately $414,000. Finally, 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 acquiring an additional 519 shares during the last quarter.

ProShares Hedge Replication ETF Trading Up 0.1%

Shares of HDG opened at $54.19 on Tuesday. The business’s 50 day moving average is $54.45 and its 200 day moving average is $53.24. ProShares Hedge Replication ETF has a 12-month low of $49.66 and a 12-month high of $55.34. The company has a market capitalization of $22.22 million, a PE ratio of 17.30 and a beta of 0.32.

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.