ProShares Hedge Replication ETF (NYSEARCA:HDG – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 579 shares, a decline of 90.7% from the April 30th total of 6,259 shares. Based on an average daily trading volume, of 2,031 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDG. Raymond James Financial Inc. lifted its position in ProShares Hedge Replication ETF by 9.4% during the second quarter. Raymond James Financial Inc. now owns 42,403 shares of the company’s stock valued at $2,100,000 after purchasing an additional 3,626 shares during the period. National Bank of Canada FI lifted its position in ProShares Hedge Replication ETF by 8.0% during the third quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock valued at $359,000 after purchasing an additional 519 shares during the period. Susquehanna International Group LLP lifted its position in ProShares Hedge Replication ETF by 38.3% during the third quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock valued at $537,000 after purchasing an additional 2,908 shares during the period. First PREMIER Bank lifted its position in ProShares Hedge Replication ETF by 94.9% during the fourth quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock valued at $118,000 after purchasing an additional 1,113 shares during the period. Finally, Allworth Financial LP acquired a new position in ProShares Hedge Replication ETF during the fourth quarter valued at $29,000.
ProShares Hedge Replication ETF Trading Up 0.2%
Shares of NYSEARCA:HDG traded up $0.09 on Thursday, hitting $54.59. 215 shares of the company were exchanged, compared to its average volume of 2,255. ProShares Hedge Replication ETF has a 1-year low of $48.82 and a 1-year high of $54.59. The stock’s 50 day moving average price is $52.92 and its 200 day moving average price is $52.37. The firm has a market capitalization of $22.38 million, a P/E ratio of 17.30 and a beta of 0.32.
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.
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