ProShares Ultra Energy (NYSEARCA:DIG) Stock Short Interest Jumps 123.4%

ProShares Ultra Energy (NYSEARCA:DIG) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 61,943 shares, a growth of 123.4% from the September 15th total of 27,727 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily volume of 76,324 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of ProShares Ultra Energy

A hedge fund recently bought a new position in ProShares Ultra Energy stock. IMC Chicago LLC acquired a new position in shares of ProShares Ultra Energy (NYSEARCA:DIG) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,381 shares of the exchange traded fund’s stock, valued at approximately $893,000. IMC Chicago LLC owned approximately 0.99% of ProShares Ultra Energy at the end of the most recent quarter.

ProShares Ultra Energy Stock Up 2.7%

Shares of ProShares Ultra Energy stock opened at $74.34 on Tuesday. ProShares Ultra Energy has a 12-month low of $32.70 and a 12-month high of $75.00. The stock has a market capitalization of $89.21 million, a P/E ratio of 14.85 and a beta of 0.95. The company has a 50-day simple moving average of $67.74 and a 200 day simple moving average of $61.09.

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.