Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Grows By 554.0%

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 94,810 shares, an increase of 554.0% from the December 31st total of 14,496 shares. Based on an average trading volume of 52,420 shares, the short-interest ratio is presently 1.8 days. Approximately 5.1% of the shares of the company are sold short. Approximately 5.1% of the shares of the company are sold short. Based on an average trading volume of 52,420 shares, the short-interest ratio is presently 1.8 days.

ProShares Ultra Energy Stock Performance

Shares of DIG stock traded up $0.66 during mid-day trading on Wednesday, hitting $44.86. 42,044 shares of the stock were exchanged, compared to its average volume of 46,469. The stock has a market capitalization of $82.99 million, a price-to-earnings ratio of 14.85 and a beta of 1.53. ProShares Ultra Energy has a 12-month low of $26.50 and a 12-month high of $44.99. The stock’s fifty day simple moving average is $38.00 and its two-hundred day simple moving average is $36.21.

Institutional Trading of ProShares Ultra Energy

A number of large investors have recently bought and sold shares of DIG. Jane Street Group LLC increased its stake in ProShares Ultra Energy by 411.8% in the second quarter. Jane Street Group LLC now owns 30,709 shares of the exchange traded fund’s stock valued at $1,022,000 after purchasing an additional 24,709 shares during the period. Tower Research Capital LLC TRC lifted its position in ProShares Ultra Energy by 789.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 26,205 shares of the exchange traded fund’s stock worth $872,000 after acquiring an additional 23,258 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of ProShares Ultra Energy in the 2nd quarter valued at approximately $393,000. PMV Capital Advisers LLC increased its holdings in shares of ProShares Ultra Energy by 53.7% in the fourth 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 period. Finally, Group One Trading LLC acquired a new stake in shares of ProShares Ultra Energy during the second quarter worth $33,000.

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.