ProShares Short Dow30 (NYSEARCA:DOG) Sees Large Growth in Short Interest

by · The Markets Daily

ProShares Short Dow30 (NYSEARCA:DOG – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 359,548 shares, a growth of 150.5% from the June 15th total of 143,504 shares. Based on an average trading volume of 2,051,550 shares, the short-interest ratio is currently 0.2 days. Currently, 7.7% of the company’s stock are short sold.

ProShares Short Dow30 Stock Performance

NYSEARCA DOG traded up $0.01 during trading hours on Thursday, hitting $21.56. 231,474 shares of the company traded hands, compared to its average volume of 4,320,320. The business’s 50-day moving average is $22.19 and its 200-day moving average is $22.97. ProShares Short Dow30 has a twelve month low of $21.24 and a twelve month high of $26.06.

Institutional Investors Weigh In On ProShares Short Dow30

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in ProShares Short Dow30 during the fourth quarter worth $27,000. JPMorgan Chase & Co. grew its position in shares of ProShares Short Dow30 by 11,700.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock valued at $30,000 after acquiring an additional 1,170 shares during the period. Headlands Technologies LLC bought a new position in shares of ProShares Short Dow30 in the 2nd quarter valued at about $33,000. Group One Trading LLC increased its stake in shares of ProShares Short Dow30 by 3,260.9% during the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock worth $38,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Hedges Asset Management LLC increased its stake in shares of ProShares Short Dow30 by 8.6% during the 4th quarter. Hedges Asset Management LLC now owns 37,450 shares of the company’s stock worth $880,000 after purchasing an additional 2,950 shares during the last quarter.

About ProShares Short Dow30

(Get Free Report)

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. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.

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