Tower Research Capital (TRC)’s ProShares Hedge Replication ETF HDG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-200	Closed	-$9K	–	4051
2016 Q3	$9K	Buy	+200	New	+$9K	﹤0.01%	2136
2016 Q1	–	Sell	-331	Closed	-$14K	–	4456
2015 Q4	$14K	Buy	+331	New	+$14K	﹤0.01%	1692