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

ProShares Ultra Energy (NYSEARCA:DIG) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 25,752 shares, a decrease of 36.4% from the June 30th total of 40,469 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average trading volume of 47,142 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On ProShares Ultra Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC acquired a new stake in ProShares Ultra Energy in the 1st quarter valued at approximately $893,000. Osaic Holdings Inc. lifted its stake in ProShares Ultra Energy by 7.3% during the 4th 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. Simplex Trading LLC purchased a new position in ProShares Ultra Energy during the 4th quarter valued at about $52,000. Tower Research Capital LLC TRC grew its position in ProShares Ultra Energy by 789.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 26,205 shares of the exchange traded fund’s stock valued at $872,000 after acquiring an additional 23,258 shares in the last quarter. Finally, Group One Trading LLC purchased a new stake in ProShares Ultra Energy during the second quarter worth about $33,000.

ProShares Ultra Energy Stock Performance

Shares of ProShares Ultra Energy stock traded up $1.13 during trading hours on Friday, hitting $61.21. The company’s stock had a trading volume of 14,329 shares, compared to its average volume of 64,518. The stock has a market cap of $82.63 million, a price-to-earnings ratio of 14.85 and a beta of 0.82. ProShares Ultra Energy has a twelve month low of $32.40 and a twelve month high of $71.52. The firm has a fifty day moving average of $55.35 and a 200-day moving average of $55.23.

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.