ProShares Short Dow30 (NYSEARCA:DOG – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 68,100 shares, a drop of 53.1% from the August 31st total of 145,100 shares. Based on an average daily trading volume, of 1,148,100 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 1,148,100 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On ProShares Short Dow30
Several institutional investors and hedge funds have recently added to or reduced their stakes in DOG. Cambridge Investment Research Advisors Inc. raised its position in shares of ProShares Short Dow30 by 4.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,456 shares of the company’s stock valued at $742,000 after buying an additional 1,142 shares during the last quarter. Spire Wealth Management purchased a new stake in ProShares Short Dow30 during the 1st quarter valued at about $41,000. HighTower Advisors LLC acquired a new stake in ProShares Short Dow30 in the 1st quarter valued at about $4,530,000. Simplex Trading LLC acquired a new stake in ProShares Short Dow30 in the 1st quarter valued at about $284,000. Finally, Fox Hill Wealth Management lifted its stake in ProShares Short Dow30 by 16.1% in the 1st quarter. Fox Hill Wealth Management now owns 17,916 shares of the company’s stock worth $484,000 after purchasing an additional 2,490 shares in the last quarter.
ProShares Short Dow30 Trading Down 0.5%
NYSEARCA DOG opened at $24.15 on Friday. The company has a 50 day moving average price of $24.97 and a 200 day moving average price of $26.20. ProShares Short Dow30 has a 52 week low of $24.02 and a 52 week high of $30.81.
ProShares Short Dow30 Company Profile
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.
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