Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Drops By 32.8%

ProShares Ultra Energy (NYSEARCA:DIG) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 23,200 shares, a decline of 32.8% from the September 30th total of 34,500 shares. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.2% of the company’s shares are short sold. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Ultra Energy Price Performance

Shares of ProShares Ultra Energy stock traded down $0.57 during trading on Tuesday, hitting $34.60. The company’s stock had a trading volume of 32,685 shares, compared to its average volume of 54,300. ProShares Ultra Energy has a 52 week low of $26.50 and a 52 week high of $47.04. The stock has a market cap of $67.48 million, a price-to-earnings ratio of 14.85 and a beta of 1.53. The stock has a 50-day moving average price of $35.67 and a two-hundred day moving average price of $34.12.

Institutional Trading of ProShares Ultra Energy

A number of institutional investors have recently bought and sold shares of the company. Group One Trading LLC bought a new stake in ProShares Ultra Energy during the second quarter valued at $33,000. PMV Capital Advisers LLC raised its holdings in shares of ProShares Ultra Energy by 383.9% during the second quarter. PMV Capital Advisers LLC now owns 13,090 shares of the exchange traded fund’s stock valued at $436,000 after purchasing an additional 10,385 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of ProShares Ultra Energy during the second quarter valued at about $393,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $872,000 after purchasing an additional 23,258 shares during the period. Finally, Jane Street Group LLC raised its holdings 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 worth $1,022,000 after acquiring an additional 24,709 shares during the last quarter.

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.