ProShares UltraShort Oil & Gas (NYSE:DUG) was downgraded by research analysts at Canaccord Genuity to a “hold” rating in a report issued on Wednesday.

Shares of ProShares UltraShort Oil & Gas (NYSE:DUG) traded down 1.27% on Wednesday, hitting $51.28. 23,932 shares of the stock were exchanged. ProShares UltraShort Oil & Gas has a 52-week low of $34.86 and a 52-week high of $53.46. The company has a 50 day moving average of $48.90 and a 200 day moving average of $45.63.

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About ProShares UltraShort Oil & Gas

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.

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