ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) Sees Large Decrease in Short Interest

ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 152 shares, a decrease of 41.5% from the December 31st total of 260 shares. Based on an average trading volume of 249 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 249 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On ProShares MSCI Transformational Changes ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of ProShares MSCI Transformational Changes ETF by 141.2% during the 1st quarter. Jane Street Group LLC now owns 20,063 shares of the company’s stock worth $901,000 after buying an additional 11,745 shares during the last quarter. Citadel Advisors LLC purchased a new stake in ProShares MSCI Transformational Changes ETF in the third quarter valued at $318,000. Cetera Investment Advisers purchased a new position in shares of ProShares MSCI Transformational Changes ETF during the 2nd quarter worth $240,000. Finally, Raymond James Financial Inc. purchased a new stake in ProShares MSCI Transformational Changes ETF in the 2nd quarter valued at about $43,000.

ProShares MSCI Transformational Changes ETF Price Performance

NYSEARCA ANEW traded down $0.66 during trading on Friday, reaching $49.98. 17 shares of the company’s stock traded hands, compared to its average volume of 301. The company’s 50 day simple moving average is $50.78 and its two-hundred day simple moving average is $50.97. The firm has a market cap of $7.50 million, a price-to-earnings ratio of 29.96 and a beta of 1.00. ProShares MSCI Transformational Changes ETF has a 12-month low of $37.49 and a 12-month high of $52.91.

ProShares MSCI Transformational Changes ETF Company Profile

The ProShares MSCI Transformational Changes ETF (ANEW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of global stocks that benefit from transformational changes in peoples work, health care, consumption, and connection. ANEW was launched on Oct 14, 2020 and is managed by ProShares.