ProShares UltraShort Energy (NYSEARCA:DUG – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 268,199 shares, a growth of 316.8% from the August 15th total of 64,350 shares. Based on an average daily trading volume, of 194,056 shares, the days-to-cover ratio is currently 1.4 days. Approximately 22.2% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DUG. Tower Research Capital LLC TRC lifted its stake in ProShares UltraShort Energy by 7,879.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 29,286 shares of the company’s stock valued at $1,097,000 after purchasing an additional 28,919 shares during the last quarter. Jane Street Group LLC increased its position in ProShares UltraShort Energy by 10.8% during the fourth quarter. Jane Street Group LLC now owns 8,200 shares of the company’s stock worth $267,000 after buying an additional 800 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in ProShares UltraShort Energy during the fourth quarter worth approximately $25,000.
ProShares UltraShort Energy Stock Performance
Shares of DUG opened at $14.11 on Monday. The company’s fifty day simple moving average is $16.61 and its 200 day simple moving average is $18.23. ProShares UltraShort Energy has a 1-year low of $13.68 and a 1-year high of $36.99.
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.
See Also
- Five stocks we like better than ProShares UltraShort Energy
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for ProShares UltraShort Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Energy and related companies with MarketBeat.com's FREE daily email newsletter.
