ProShares Ultra Energy (NYSEARCA:DIG) Short Interest Down 34.8% in August

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 21,961 shares, a decline of 34.8% from the July 30th total of 33,669 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 30,825 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On ProShares Ultra Energy

Several large investors have recently modified their holdings of the business. Group One Trading LLC purchased a new stake in shares of ProShares Ultra Energy in the 2nd quarter worth approximately $33,000. Simplex Trading LLC purchased a new position in ProShares Ultra Energy during the fourth quarter valued at approximately $52,000. Osaic Holdings Inc. increased its holdings 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 valued at $669,000 after buying an additional 1,268 shares during the period. Tower Research Capital LLC TRC raised its stake in ProShares Ultra Energy by 789.2% in 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, IMC Chicago LLC bought a new position in ProShares Ultra Energy in the first quarter worth approximately $893,000.

ProShares Ultra Energy Stock Up 2.6%

NYSEARCA:DIG traded up $1.80 during mid-day trading on Tuesday, reaching $71.72. The company’s stock had a trading volume of 99,878 shares, compared to its average volume of 59,472. ProShares Ultra Energy has a 1 year low of $32.70 and a 1 year high of $71.86. The stock has a fifty day moving average of $58.95 and a 200-day moving average of $58.33. The firm has a market capitalization of $96.82 million, a PE ratio of 14.85 and a beta of 0.82.

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.