Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Decreases By 34.8%

ProShares Ultra Energy (NYSEARCA:DIG) was the target of a significant decline in short interest in the month of 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. Based on an average trading volume of 30,825 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.6% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares Ultra Energy

A number of large investors have recently modified their holdings of DIG. IMC Chicago LLC purchased a new position in ProShares Ultra Energy in the first quarter worth $893,000. Osaic Holdings Inc. lifted its stake in shares of ProShares Ultra Energy by 7.3% in the fourth quarter. Osaic Holdings Inc. now owns 18,529 shares of the exchange traded fund’s stock valued at $669,000 after purchasing an additional 1,268 shares during the period. Simplex Trading LLC purchased a new stake in ProShares Ultra Energy during the fourth quarter worth about $52,000. Tower Research Capital LLC TRC grew its position in ProShares Ultra Energy by 789.2% during 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 during the period. Finally, Group One Trading LLC purchased a new position in ProShares Ultra Energy in the 2nd quarter valued at approximately $33,000.

ProShares Ultra Energy Stock Up 1.0%

NYSEARCA DIG opened at $72.38 on Thursday. The stock has a market capitalization of $97.71 million, a P/E ratio of 14.85 and a beta of 0.82. ProShares Ultra Energy has a 52-week low of $32.70 and a 52-week high of $72.90. The firm has a 50-day moving average price of $59.79 and a 200 day moving average price of $58.60.

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.