ProShares Short Dow30 (NYSEARCA:DOG) Shares Shorted: Short Interest Down 52.3% in September

ProShares Short Dow30 (NYSEARCA:DOG) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 157,738 shares, a drop of 52.3% from the August 31st total of 330,921 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 3,950,583 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On ProShares Short Dow30

Several hedge funds have recently added to or reduced their stakes in DOG. Group One Trading LLC increased its position in ProShares Short Dow30 by 3,260.9% in the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock valued at $38,000 after acquiring an additional 1,500 shares during the period. IMC Chicago LLC acquired a new position in shares of ProShares Short Dow30 during the first quarter worth $544,000. Squarepoint Ops LLC acquired a new position in shares of ProShares Short Dow30 during the second quarter worth $863,000. J2 Capital Management Inc bought a new stake in shares of ProShares Short Dow30 in the first quarter worth $958,000. Finally, Renaissance Technologies LLC bought a new stake in shares of ProShares Short Dow30 in the first quarter worth $2,090,000.

ProShares Short Dow30 Stock Performance

Shares of NYSEARCA:DOG traded up $0.04 during midday trading on Tuesday, hitting $22.07. 8,674,371 shares of the stock were exchanged, compared to its average volume of 4,108,344. The business’s 50-day moving average price is $21.55 and its 200 day moving average price is $22.41. ProShares Short Dow30 has a 12 month low of $20.77 and a 12 month high of $25.12.

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.