ProShares Short Dow30 (NYSEARCA:DOG) Sees Significant Decline in Short Interest

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

ProShares Short Dow30 Stock Up 1.2%

Shares of ProShares Short Dow30 stock traded up $0.27 during trading on Wednesday, reaching $22.15. The company’s stock had a trading volume of 6,853,652 shares, compared to its average volume of 3,931,538. 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 simple moving average of $21.49 and a two-hundred day simple moving average of $22.50.

Institutional Investors Weigh In On ProShares Short Dow30

A number of large investors have recently modified their holdings of DOG. Squarepoint Ops LLC acquired a new stake in ProShares Short Dow30 in the 2nd quarter worth approximately $863,000. Arkadios Wealth Advisors acquired a new position in ProShares Short Dow30 during the 1st quarter valued at approximately $9,560,000. Renaissance Technologies LLC purchased a new position in shares of ProShares Short Dow30 in the first quarter worth $2,090,000. Group One Trading LLC raised its holdings in shares of ProShares Short Dow30 by 3,260.9% in the first quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock worth $38,000 after buying an additional 1,500 shares during the last quarter. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Short Dow30 during the first quarter worth $544,000.

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.