Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Drops By 18.3%

ProShares Ultra Energy (NYSEARCA:DIG) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 18,800 shares, a drop of 18.3% from the January 29th total of 22,997 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 86,096 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 86,096 shares, the short-interest ratio is presently 0.2 days. Currently, 1.0% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Ultra Energy

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new position in shares of ProShares Ultra Energy in the second quarter valued at $393,000. Jane Street Group LLC grew its position in shares of ProShares Ultra Energy by 411.8% in the 2nd quarter. Jane Street Group LLC now owns 30,709 shares of the exchange traded fund’s stock valued at $1,022,000 after acquiring an additional 24,709 shares during the period. Group One Trading LLC acquired a new position in shares of ProShares Ultra Energy during the 2nd quarter worth about $33,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 purchasing an additional 23,258 shares during the period. Finally, PMV Capital Advisers LLC lifted its stake in ProShares Ultra Energy by 53.7% in the 4th quarter. PMV Capital Advisers LLC now owns 12,924 shares of the exchange traded fund’s stock valued at $466,000 after purchasing an additional 4,518 shares during the last quarter.

ProShares Ultra Energy Trading Down 1.8%

Shares of ProShares Ultra Energy stock traded down $1.01 during trading hours on Tuesday, reaching $56.66. 171,517 shares of the company’s stock were exchanged, compared to its average volume of 65,574. The stock has a market cap of $104.82 million, a P/E ratio of 14.85 and a beta of 1.53. The company has a 50 day moving average of $45.37 and a two-hundred day moving average of $39.23. ProShares Ultra Energy has a fifty-two week low of $26.50 and a fifty-two week high of $59.41.

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.