ProShares - Hedge Replication ETF (HDG)
ProShares - Hedge Replication ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $54.98, up 0.27% on the session, giving a market capitalisation of $26.2M. Its beta of 0.33 implies it has historically moved less than the broad market.
This fund strategically invests in a combination of financial instruments, chosen by ProShare Advisors, with the goal of emulating its underlying benchmark's performance. That benchmark endeavors to replicate the risk and return profile typical of the hedge fund asset class, which it achieves by seeking a high correlation to the HFRI Fund Weighted Composite Index (HFRI). The HFRI itself serves as a gauge of the hedge fund industry's overall performance, comprising an equally weighted composite of over 2,000 member funds. This particular fund is categorized as non-diversified.
ProShares - Hedge Replication ETF is most often compared with the following Financial Services names: