ProShares Short Dow30 (NYSEARCA:DOG) Short Interest Update
by Kim Johansen · The Markets DailyProShares Short Dow30 (NYSEARCA:DOG – Get Free Report) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 331,672 shares, a growth of 411.9% from the February 26th total of 64,795 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average daily volume of 12,260,822 shares, the short-interest ratio is currently 0.0 days.
ProShares Short Dow30 Price Performance
DOG traded up $0.26 during trading on Thursday, reaching $24.62. The company’s stock had a trading volume of 2,421,461 shares, compared to its average volume of 6,607,625. ProShares Short Dow30 has a 52-week low of $22.43 and a 52-week high of $30.81. The company’s fifty day moving average price is $23.40 and its 200-day moving average price is $23.78.
ProShares Short Dow30 Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.1046 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, March 25th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in ProShares Short Dow30 in the fourth quarter worth $622,000. Kestra Advisory Services LLC acquired a new stake in ProShares Short Dow30 in the fourth quarter valued at $27,000. HRT Financial LP purchased a new stake in shares of ProShares Short Dow30 during the 4th quarter worth $826,000. Oppenheimer & Co. Inc. grew its stake in shares of ProShares Short Dow30 by 331.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 197,935 shares of the company’s stock worth $4,649,000 after purchasing an additional 152,072 shares during the period. Finally, UBS Group AG grew its stake in shares of ProShares Short Dow30 by 53.2% during the 4th quarter. UBS Group AG now owns 125,497 shares of the company’s stock worth $2,948,000 after purchasing an additional 43,588 shares during the period.
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. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.