ProShares Hedge Replication ETF (NYSEARCA:HDG – Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 942 shares, a growth of 99.2% from the September 30th total of 473 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,010 shares, the days-to-cover ratio is currently 0.9 days.
ProShares Hedge Replication ETF Stock Performance
Shares of NYSEARCA HDG traded up $0.23 during midday trading on Monday, hitting $53.76. 289 shares of the company traded hands, compared to its average volume of 1,469. The stock has a 50-day moving average price of $54.25 and a 200 day moving average price of $53.65. The firm has a market cap of $27.42 million, a P/E ratio of 17.30 and a beta of 0.32. ProShares Hedge Replication ETF has a 12-month low of $50.72 and a 12-month high of $55.40.
Institutional Investors Weigh In On ProShares Hedge Replication ETF
A number of hedge funds have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC bought a new stake in ProShares Hedge Replication ETF during the first quarter valued at about $32,000. Western Wealth Management LLC bought a new position in ProShares Hedge Replication ETF during the first quarter valued at $93,000. Independent Wealth Advisors LLC purchased a new stake in ProShares Hedge Replication ETF in the 1st quarter worth about $298,000. First PREMIER Bank boosted its holdings in ProShares Hedge Replication ETF by 31.2% during the 2nd quarter. First PREMIER Bank now owns 8,566 shares of the company’s stock valued at $469,000 after acquiring an additional 2,037 shares during the period. Finally, Hyundai Investments Co. Ltd. grew its holdings in shares of ProShares Hedge Replication ETF by 68.3% in the second quarter. Hyundai Investments Co. Ltd. now owns 11,431 shares of the company’s stock worth $623,000 after purchasing an additional 4,638 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.
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