ProShares Ultra Energy (NYSEARCA:DIG) Sees Large Drop in Short Interest

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a significant decline in short interest in 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. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 30,825 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DIG. Group One Trading LLC acquired a new stake in shares of ProShares Ultra Energy during the 2nd quarter worth about $33,000. Simplex Trading LLC purchased a new position in ProShares Ultra Energy in the fourth quarter valued at approximately $52,000. Osaic Holdings Inc. increased its stake in 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 last quarter. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 23,258 shares in the last quarter. Finally, IMC Chicago LLC acquired a new stake in ProShares Ultra Energy during the first quarter worth approximately $893,000.

ProShares Ultra Energy Price Performance

NYSEARCA:DIG opened at $70.84 on Wednesday. ProShares Ultra Energy has a 12 month low of $32.70 and a 12 month high of $71.86. The firm has a market capitalization of $95.63 million, a PE ratio of 14.85 and a beta of 0.82. The business’s fifty day moving average price is $59.34 and its 200 day moving average price is $58.46.

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.