Short Interest in ProShares UltraShort Energy (NYSEARCA:DUG) Declines By 43.6%

ProShares UltraShort Energy (NYSEARCA:DUG) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 35,558 shares, a decrease of 43.6% from the April 15th total of 63,080 shares. Based on an average daily volume of 99,546 shares, the short-interest ratio is presently 0.4 days. Approximately 3.5% of the company’s shares are sold short.

ProShares UltraShort Energy Stock Performance

Shares of ProShares UltraShort Energy stock opened at $16.92 on Tuesday. ProShares UltraShort Energy has a one year low of $15.65 and a one year high of $42.18. The stock’s 50-day moving average is $18.69 and its 200 day moving average is $25.37.

Institutional Investors Weigh In On ProShares UltraShort Energy

Several institutional investors and hedge funds have recently made changes to their positions in DUG. Bank of America Corp DE acquired a new position in ProShares UltraShort Energy during the 4th quarter worth approximately $25,000. Jane Street Group LLC raised its stake in ProShares UltraShort Energy by 10.8% during the 4th quarter. Jane Street Group LLC now owns 8,200 shares of the company’s stock worth $267,000 after buying an additional 800 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in ProShares UltraShort Energy by 7,879.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 29,286 shares of the company’s stock worth $1,097,000 after buying an additional 28,919 shares during the period.

About ProShares UltraShort Energy

ProShares UltraShort Oil & Gas (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Oil & Gas Index. The Dow Jones U.S. Oil & Gas Index measures the performance of the oil and gas industry of the United States equity market. Component companies include oil drilling equipment and services, oil companies (major and secondary), pipelines, liquid, solid or gaseous fossil fuel producers and service companies. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the index.