ProShares Ultra Energy (NYSEARCA:DIG) Short Interest Up 239.7% in February

ProShares Ultra Energy (NYSEARCA:DIG) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 63,858 shares, a growth of 239.7% from the February 12th total of 18,800 shares. Based on an average daily volume of 54,254 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.5% of the shares of the company are sold short. Approximately 3.5% of the shares of the company are sold short. Based on an average daily volume of 54,254 shares, the days-to-cover ratio is currently 1.2 days.

ProShares Ultra Energy Trading Up 5.0%

Shares of NYSEARCA:DIG traded up $2.72 on Wednesday, reaching $57.43. 67,949 shares of the company’s stock were exchanged, compared to its average volume of 72,456. The company has a fifty day moving average of $47.39 and a 200-day moving average of $40.01. ProShares Ultra Energy has a twelve month low of $26.50 and a twelve month high of $59.41. The company has a market capitalization of $106.25 million, a price-to-earnings ratio of 14.85 and a beta of 1.53.

Institutional Investors Weigh In On ProShares Ultra Energy

Several institutional investors have recently made changes to their positions in DIG. Group One Trading LLC acquired a new position in shares of ProShares Ultra Energy during the 2nd quarter worth $33,000. Simplex Trading LLC acquired a new stake in ProShares Ultra Energy in the fourth quarter valued at about $52,000. Envestnet Asset Management Inc. bought a new position in ProShares Ultra Energy in the second quarter valued at about $393,000. PMV Capital Advisers LLC grew its position in ProShares Ultra Energy by 53.7% in the fourth quarter. PMV Capital Advisers LLC now owns 12,924 shares of the exchange traded fund’s stock valued at $466,000 after acquiring an additional 4,518 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in ProShares Ultra Energy by 7.3% during the fourth quarter. Osaic Holdings Inc. now owns 18,529 shares of the exchange traded fund’s stock worth $669,000 after acquiring an additional 1,268 shares in the last quarter.

ProShares Ultra Energy Company Profile

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.