ProShares Ultra Energy (NYSEARCA:DIG) Sees Significant Decline in Short Interest

ProShares Ultra Energy (NYSEARCA:DIG) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 22,997 shares, a drop of 75.7% from the January 15th total of 94,810 shares. Based on an average daily volume of 45,101 shares, the short-interest ratio is presently 0.5 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 45,101 shares, the short-interest ratio is presently 0.5 days.

ProShares Ultra Energy Stock Up 5.1%

DIG traded up $2.60 during trading on Wednesday, hitting $53.77. 71,911 shares of the company’s stock were exchanged, compared to its average volume of 60,856. ProShares Ultra Energy has a fifty-two week low of $26.50 and a fifty-two week high of $54.02. The stock has a market cap of $99.47 million, a P/E ratio of 14.85 and a beta of 1.53. The business’s 50 day moving average is $40.21 and its two-hundred day moving average is $37.11.

Hedge Funds Weigh In On ProShares Ultra Energy

A number of hedge funds have recently added to or reduced their stakes in DIG. Envestnet Asset Management Inc. bought a new stake in ProShares Ultra Energy during the 2nd quarter worth approximately $393,000. Group One Trading LLC bought a new position in shares of ProShares Ultra Energy in the second quarter valued at approximately $33,000. Jane Street Group LLC boosted its position in shares of ProShares Ultra Energy by 411.8% during the second quarter. Jane Street Group LLC now owns 30,709 shares of the exchange traded fund’s stock valued at $1,022,000 after buying an additional 24,709 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in ProShares Ultra Energy by 789.2% during the second quarter. Tower Research Capital LLC TRC now owns 26,205 shares of the exchange traded fund’s stock worth $872,000 after buying an additional 23,258 shares in the last quarter. Finally, Simplex Trading LLC purchased a new stake in ProShares Ultra Energy in the 4th quarter valued at $52,000.

About ProShares Ultra Energy

ProShares Ultra Oil & Gas (the fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Oil & Gas Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.