ProShares Short Dow30 (NYSEARCA:DOG – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 428,453 shares, an increase of 171.6% from the September 15th total of 157,738 shares. Based on an average trading volume of 7,651,401 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.8% of the shares of the company are sold short.
ProShares Short Dow30 Stock Down 0.3%
Shares of ProShares Short Dow30 stock traded down $0.06 during trading on Monday, hitting $21.93. 5,119,169 shares of the stock were exchanged, compared to its average volume of 4,369,174. ProShares Short Dow30 has a 12 month low of $20.77 and a 12 month high of $25.12. The stock’s fifty day moving average is $21.62 and its 200 day moving average is $22.26.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new position in ProShares Short Dow30 in the 1st quarter worth about $9,560,000. Renaissance Technologies LLC bought a new stake in shares of ProShares Short Dow30 during the first quarter valued at approximately $2,090,000. Squarepoint Ops LLC bought a new stake in shares of ProShares Short Dow30 during the second quarter valued at approximately $863,000. J2 Capital Management Inc bought a new stake in shares of ProShares Short Dow30 during the first quarter valued at approximately $958,000. Finally, IMC Chicago LLC acquired a new position in shares of ProShares Short Dow30 during the first quarter worth approximately $544,000.
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.
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