Short Interest in ProShares Hedge Replication ETF (NYSEARCA:HDG) Declines By 55.6%

ProShares Hedge Replication ETF (NYSEARCA:HDG) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 200 shares, a drop of 55.6% from the December 31st total of 450 shares. Based on an average daily volume of 2,468 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,468 shares, the short-interest ratio is presently 0.1 days.

ProShares Hedge Replication ETF Stock Performance

Shares of ProShares Hedge Replication ETF stock traded down $0.17 during midday trading on Friday, hitting $52.37. 3,943 shares of the company traded hands, compared to its average volume of 2,187. The firm’s fifty day moving average price is $51.95 and its 200-day moving average price is $51.27. The stock has a market cap of $24.61 million, a price-to-earnings ratio of 17.30 and a beta of 0.33. ProShares Hedge Replication ETF has a 12 month low of $46.28 and a 12 month high of $52.70.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Frederick Financial Consultants LLC lifted its stake in shares of ProShares Hedge Replication ETF by 2.4% in the second quarter. Frederick Financial Consultants LLC now owns 71,810 shares of the company’s stock worth $3,557,000 after acquiring an additional 1,684 shares during the period. Raymond James Financial Inc. raised its holdings in ProShares Hedge Replication ETF by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 43,298 shares of the company’s stock worth $2,212,000 after purchasing an additional 895 shares during the last quarter. Susquehanna International Group LLP raised its holdings in ProShares Hedge Replication ETF by 38.3% during the 3rd quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock worth $537,000 after purchasing an additional 2,908 shares during the last quarter. National Bank of Canada FI lifted its position in shares of ProShares Hedge Replication ETF by 8.0% in the 3rd quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock worth $359,000 after purchasing an additional 519 shares during the period. Finally, First PREMIER Bank boosted its stake in shares of ProShares Hedge Replication ETF by 94.9% in the 4th 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 last quarter.

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.