ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) Sees Significant Growth in Short Interest

ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 260 shares, an increase of 88.4% from the December 15th total of 138 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 111 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 111 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.2% of the shares of the stock are sold short.

ProShares MSCI Transformational Changes ETF Trading Down 0.2%

Shares of ANEW stock opened at $51.42 on Friday. The stock has a market capitalization of $7.71 million, a price-to-earnings ratio of 29.96 and a beta of 1.00. ProShares MSCI Transformational Changes ETF has a 12-month low of $37.49 and a 12-month high of $52.91. The stock’s 50-day moving average price is $50.65 and its 200-day moving average price is $50.92.

Institutional Trading of ProShares MSCI Transformational Changes ETF

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in ProShares MSCI Transformational Changes ETF in the second quarter worth $43,000. Cetera Investment Advisers purchased a new position in shares of ProShares MSCI Transformational Changes ETF in the 2nd quarter worth $240,000. Citadel Advisors LLC purchased a new position in shares of ProShares MSCI Transformational Changes ETF in the 3rd quarter worth $318,000. Finally, Jane Street Group LLC increased its holdings in shares of ProShares MSCI Transformational Changes ETF by 141.2% in the 1st quarter. Jane Street Group LLC now owns 20,063 shares of the company’s stock worth $901,000 after buying an additional 11,745 shares during the last quarter.

About ProShares MSCI Transformational Changes ETF

The ProShares MSCI Transformational Changes ETF (ANEW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of global stocks that benefit from transformational changes in peoples work, health care, consumption, and connection. ANEW was launched on Oct 14, 2020 and is managed by ProShares.