Short Interest in ProShares Short Dow30 (NYSEARCA:DOG) Decreases By 41.3%

ProShares Short Dow30 (NYSEARCA:DOG) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 330,921 shares, a drop of 41.3% from the August 15th total of 563,574 shares. Based on an average daily trading volume, of 2,024,908 shares, the days-to-cover ratio is presently 0.2 days. Currently, 7.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DOG. Arkadios Wealth Advisors bought a new position in ProShares Short Dow30 in the first quarter worth about $9,560,000. UBS Group AG grew its holdings in shares of ProShares Short Dow30 by 53.2% during the fourth quarter. UBS Group AG now owns 125,497 shares of the company’s stock valued at $2,948,000 after purchasing an additional 43,588 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of ProShares Short Dow30 during the 1st quarter worth approximately $2,090,000. Squarepoint Ops LLC acquired a new stake in shares of ProShares Short Dow30 during the 2nd quarter worth approximately $863,000. Finally, J2 Capital Management Inc bought a new stake in shares of ProShares Short Dow30 in the 1st quarter worth approximately $958,000.

ProShares Short Dow30 Stock Performance

ProShares Short Dow30 stock traded up $0.08 during midday trading on Friday, hitting $22.11. 2,872,460 shares of the stock were exchanged, compared to its average volume of 3,930,725. ProShares Short Dow30 has a 1 year low of $20.77 and a 1 year high of $25.12. The company has a 50 day moving average price of $21.50 and a two-hundred day moving average price of $22.49.

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.