ProShares UltraShort Energy (NYSEARCA:DUG) Stock Short Interest Report for October

ProShares UltraShort Energy (NYSEARCA:DUG) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 74,817 shares, an increase of 123.0% from the September 30th total of 33,555 shares. Based on an average trading volume of 269,128 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.9% of the company’s shares are sold short.

ProShares UltraShort Energy Trading Down 3.8%

DUG traded down $0.47 on Friday, reaching $11.92. 309,307 shares of the company traded hands, compared to its average volume of 142,502. ProShares UltraShort Energy has a one year low of $11.89 and a one year high of $35.67. The firm has a fifty day simple moving average of $14.07 and a two-hundred day simple moving average of $18.34.

About ProShares UltraShort Energy

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. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the index.