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

ProShares Short Dow30 (NYSEARCA:DOG) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 104,171 shares, a decrease of 19.3% from the December 31st total of 129,136 shares. Based on an average trading volume of 3,974,668 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.0% of the company’s stock are short sold. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 3,974,668 shares, the days-to-cover ratio is presently 0.0 days.

ProShares Short Dow30 Trading Up 0.9%

DOG stock traded up $0.22 during trading on Tuesday, hitting $23.15. The stock had a trading volume of 5,531,834 shares, compared to its average volume of 4,446,181. ProShares Short Dow30 has a 1-year low of $22.77 and a 1-year high of $30.81. The company’s 50 day moving average price is $23.36 and its two-hundred day moving average price is $24.22.

Hedge Funds Weigh In On ProShares Short Dow30

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of ProShares Short Dow30 by 11,700.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock worth $30,000 after acquiring an additional 1,170 shares in the last quarter. Headlands Technologies LLC acquired a new position in ProShares Short Dow30 in the second quarter worth approximately $33,000. BNP Paribas Financial Markets acquired a new stake in ProShares Short Dow30 in the 3rd quarter worth approximately $74,000. Graves Light Lenhart Wealth Inc. acquired a new stake in shares of ProShares Short Dow30 in the fourth quarter worth $337,000. Finally, Range Financial Group LLC bought a new stake in ProShares Short Dow30 during the fourth quarter valued at about $363,000.

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.