ProShares Short Dow30 (NYSEARCA:DOG – Get Free Report) was the target of a large growth in short interest in the month of 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 days-to-cover ratio is presently 0.2 days. Currently, 7.7% of the shares of the company are sold short.
ProShares Short Dow30 Price Performance
Shares of DOG opened at $21.60 on Tuesday. ProShares Short Dow30 has a 52-week low of $21.24 and a 52-week high of $26.06. The stock’s 50-day simple moving average is $22.24 and its 200 day simple moving average is $22.99.
Institutional Investors Weigh In On ProShares Short Dow30
A number of institutional investors and hedge funds have recently modified their holdings of DOG. JPMorgan Chase & Co. boosted its position in shares of ProShares Short Dow30 by 11,700.0% in the second 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. Squarepoint Ops LLC increased its holdings in ProShares Short Dow30 by 122.7% during the 2nd quarter. Squarepoint Ops LLC now owns 58,603 shares of the company’s stock worth $1,493,000 after acquiring an additional 32,283 shares during the period. Jane Street Group LLC purchased a new stake in ProShares Short Dow30 in the 2nd quarter worth approximately $670,000. Headlands Technologies LLC purchased a new stake in ProShares Short Dow30 in the 2nd quarter worth approximately $33,000. Finally, BNP Paribas Financial Markets bought a new position in ProShares Short Dow30 in the 3rd quarter valued at $74,000.
About ProShares Short Dow30
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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