ProShares UltraShort Energy (NYSEARCA:DUG) Stock Short Interest Rises 123.0%

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 74,817 shares, a growth of 123.0% from the September 30th total of 33,555 shares. Based on an average daily trading volume, of 269,128 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.9% of the company’s shares are sold short.

ProShares UltraShort Energy Price Performance

DUG traded down $0.47 during mid-day trading on Friday, hitting $11.92. 309,307 shares of the stock were exchanged, compared to its average volume of 142,318. The firm’s fifty day moving average is $14.12 and its two-hundred day moving average is $18.43. ProShares UltraShort Energy has a 1-year low of $11.89 and a 1-year high of $35.67.

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.