Short Interest in ProShares Hedge Replication ETF (NYSEARCA:HDG) Grows By 360.0%

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,300 shares, a growth of 360.0% from the August 31st total of 500 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 2.9 days.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

A number of institutional investors have recently added to or reduced their stakes in HDG. Frederick Financial Consultants LLC lifted its position in ProShares Hedge Replication ETF by 4.8% during the first quarter. Frederick Financial Consultants LLC now owns 70,126 shares of the company’s stock valued at $3,419,000 after buying an additional 3,225 shares during the period. National Bank of Canada FI increased its stake in shares of ProShares Hedge Replication ETF by 5.1% in the 1st quarter. National Bank of Canada FI now owns 6,583 shares of the company’s stock worth $320,000 after acquiring an additional 319 shares in the last quarter. Comprehensive Wealth Management LLC lifted its position in ProShares Hedge Replication ETF by 2.5% during the 1st quarter. Comprehensive Wealth Management LLC now owns 34,039 shares of the company’s stock valued at $1,660,000 after acquiring an additional 844 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in ProShares Hedge Replication ETF by 9.4% in the second 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 during the period.

ProShares Hedge Replication ETF Stock Performance

HDG stock opened at $51.08 on Thursday. ProShares Hedge Replication ETF has a fifty-two week low of $46.28 and a fifty-two week high of $51.47. The company has a market capitalization of $24.01 million, a price-to-earnings ratio of 17.30 and a beta of 0.35. The business’s 50 day moving average price is $50.63 and its two-hundred day moving average price is $49.56.

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.