Short Interest in ProShares Hedge Replication ETF (NYSEARCA:HDG) Drops By 52.0%

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,922 shares, a drop of 52.0% from the July 15th total of 4,007 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,264 shares, the short-interest ratio is presently 1.5 days.

ProShares Hedge Replication ETF Price Performance

NYSEARCA HDG traded down $0.29 during mid-day trading on Tuesday, reaching $54.76. The stock had a trading volume of 269 shares, compared to its average volume of 1,754. The stock has a market cap of $22.45 million, a PE ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a 1 year low of $49.91 and a 1 year high of $55.34. The company has a fifty day moving average price of $54.56 and a 200 day moving average price of $53.49.

Institutional Investors Weigh In On ProShares Hedge Replication ETF

Several institutional investors have recently modified their holdings of the business. Western Wealth Management LLC purchased a new position in ProShares Hedge Replication ETF in the 1st quarter worth about $93,000. Susquehanna International Group LLP boosted 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 acquiring an additional 2,908 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of ProShares Hedge Replication ETF by 9.4% during the 2nd quarter. Raymond James Financial Inc. now owns 42,403 shares of the company’s stock valued at $2,100,000 after acquiring an additional 3,626 shares during the last quarter. Frederick Financial Consultants LLC grew its stake in shares of ProShares Hedge Replication ETF by 0.8% in the fourth quarter. Frederick Financial Consultants LLC now owns 73,820 shares of the company’s stock worth $3,807,000 after acquiring an additional 551 shares during the period. Finally, Allworth Financial LP purchased a new position in shares of ProShares Hedge Replication ETF during the fourth quarter valued at approximately $29,000.

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.