ProShares Hedge Replication ETF (NYSEARCA:HDG) Sees Significant Drop in Short Interest

ProShares Hedge Replication ETF (NYSEARCA:HDG) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 608 shares, a decrease of 22.5% from the February 26th total of 785 shares. Based on an average daily volume of 1,141 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

ProShares Hedge Replication ETF Price Performance

NYSEARCA:HDG opened at $51.03 on Friday. ProShares Hedge Replication ETF has a 1-year low of $46.28 and a 1-year high of $53.42. The firm’s fifty day moving average price is $52.35 and its 200 day moving average price is $51.83. The firm has a market cap of $23.98 million, a price-to-earnings ratio of 17.30 and a beta of 0.33.

Hedge Funds Weigh In On ProShares Hedge Replication ETF

Institutional investors have recently made changes to their positions in the stock. Hyundai Investments Co. Ltd. bought a new stake in shares of ProShares Hedge Replication ETF in the 4th quarter worth approximately $414,000. Frederick Financial Consultants LLC grew its stake in ProShares Hedge Replication ETF by 0.8% during the 4th quarter. Frederick Financial Consultants LLC now owns 73,820 shares of the company’s stock worth $3,807,000 after buying an additional 551 shares during the last quarter. Allworth Financial LP acquired a new stake in ProShares Hedge Replication ETF in the fourth quarter worth $29,000. First PREMIER Bank increased its position in ProShares Hedge Replication ETF by 94.9% in the fourth quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock worth $118,000 after buying an additional 1,113 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in ProShares Hedge Replication ETF by 38.3% in the third quarter. Susquehanna International Group LLP now owns 10,504 shares of the company’s stock valued at $537,000 after buying an additional 2,908 shares during the last quarter.

ProShares Hedge Replication ETF Company Profile

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.