Short Interest in ProShares UltraShort Energy (NYSEARCA:DUG) Decreases By 74.0%

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 14,849 shares, a drop of 74.0% from the May 14th total of 57,165 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 203,688 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of ProShares UltraShort Energy

Large investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in ProShares UltraShort Energy in the fourth quarter valued at about $25,000. Jane Street Group LLC boosted its stake in ProShares UltraShort Energy by 10.8% in the fourth quarter. Jane Street Group LLC now owns 8,200 shares of the company’s stock valued at $267,000 after buying an additional 800 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of ProShares UltraShort Energy by 7,879.8% during the second quarter. Tower Research Capital LLC TRC now owns 29,286 shares of the company’s stock valued at $1,097,000 after purchasing an additional 28,919 shares in the last quarter.

ProShares UltraShort Energy Stock Performance

NYSEARCA:DUG traded down $0.31 during trading hours on Friday, hitting $18.60. The company’s stock had a trading volume of 96,013 shares, compared to its average volume of 112,872. The stock has a fifty day simple moving average of $18.65 and a 200-day simple moving average of $23.41. ProShares UltraShort Energy has a twelve month low of $15.65 and a twelve month high of $38.27.

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.