ProShares Short Dow30 (NYSEARCA:DOG) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 268,961 shares, a decline of 58.9% from the January 31st total of 654,445 shares. Based on an average daily volume of 4,193,386 shares, the days-to-cover ratio is currently 0.1 days.
Institutional investors have recently added to or reduced their stakes in the business. Juncture Wealth Strategies LLC boosted its holdings in shares of ProShares Short Dow30 by 4.0% during the 4th quarter. Juncture Wealth Strategies LLC now owns 125,093 shares of the company’s stock worth $1,869,000 after buying an additional 4,863 shares during the period. Wolverine Trading LLC acquired a new position in ProShares Short Dow30 during the 4th quarter valued at $195,000. Bank of Montreal Can acquired a new position in ProShares Short Dow30 during the 4th quarter valued at $394,000. Steinberg Global Asset Management acquired a new position in shares of ProShares Short Dow30 in the 4th quarter valued at $471,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of ProShares Short Dow30 in the 4th quarter valued at $448,000.
Shares of ProShares Short Dow30 (NYSEARCA DOG) opened at $14.63 on Wednesday. ProShares Short Dow30 has a fifty-two week low of $13.89 and a fifty-two week high of $18.35.
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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.
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