ProShares Short Dow30 (NYSEARCA:DOG) Short Interest Update

ProShares Short Dow30 (NYSEARCA:DOG) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 221,340 shares, a decline of 33.3% from the March 15th total of 331,672 shares. Based on an average daily trading volume, of 7,118,953 shares, the short-interest ratio is presently 0.0 days. Approximately 4.0% of the shares of the company are short sold.

ProShares Short Dow30 Stock Performance

ProShares Short Dow30 stock traded down $0.04 during mid-day trading on Thursday, hitting $23.34. 4,139,915 shares of the company were exchanged, compared to its average volume of 6,295,271. ProShares Short Dow30 has a 1-year low of $22.43 and a 1-year high of $29.69. The business has a fifty day moving average of $23.69 and a 200 day moving average of $23.72.

ProShares Short Dow30 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.1046 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, March 25th.

Institutional Investors Weigh In On ProShares Short Dow30

Institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its holdings in ProShares Short Dow30 by 331.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 197,935 shares of the company’s stock worth $4,649,000 after buying an additional 152,072 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in ProShares Short Dow30 in the 3rd quarter valued at about $4,119,000. UBS Group AG grew its position in shares of ProShares Short Dow30 by 53.2% during the 4th quarter. UBS Group AG now owns 125,497 shares of the company’s stock worth $2,948,000 after purchasing an additional 43,588 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of ProShares Short Dow30 by 11.6% during the third quarter. Cibc World Market Inc. now owns 93,550 shares of the company’s stock worth $2,277,000 after purchasing an additional 9,730 shares during the period. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of ProShares Short Dow30 in the fourth quarter valued at approximately $2,114,000.

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.