ProShares Short Dow30 (NYSEARCA:DOG) Sees Large Decline in Short Interest

ProShares Short Dow30 (NYSEARCA:DOG) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 278,949 shares, a drop of 34.9% from the September 30th total of 428,453 shares. Based on an average daily trading volume, of 9,860,791 shares, the short-interest ratio is currently 0.0 days. Approximately 5.8% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Short Dow30

A number of institutional investors have recently added to or reduced their stakes in DOG. Maltin Wealth Management Inc. purchased a new stake in ProShares Short Dow30 during the 3rd quarter valued at $405,000. Squarepoint Ops LLC bought a new position in ProShares Short Dow30 in the second quarter worth approximately $863,000. Arkadios Wealth Advisors bought a new position in shares of ProShares Short Dow30 in the 1st quarter worth $9,560,000. Renaissance Technologies LLC bought a new stake in ProShares Short Dow30 during the first quarter valued at about $2,090,000. Finally, Group One Trading LLC raised its holdings in ProShares Short Dow30 by 3,260.9% in the first quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock worth $38,000 after purchasing an additional 1,500 shares in the last quarter.

ProShares Short Dow30 Price Performance

ProShares Short Dow30 stock opened at $22.01 on Monday. ProShares Short Dow30 has a 12 month low of $20.77 and a 12 month high of $25.12. The business’s fifty day simple moving average is $21.80 and its two-hundred day simple moving average is $22.48.

About ProShares Short Dow30

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.