ProShares UltraShort Energy (NYSEARCA:DUG) Shares Shorted: Short Interest Down 43.9% in September

ProShares UltraShort Energy (NYSEARCA:DUG) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 33,555 shares, a decline of 43.9% from the September 15th total of 59,864 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 242,903 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraShort Energy Price Performance

NYSEARCA:DUG traded down $0.65 during trading hours on Friday, hitting $12.56. 263,511 shares of the stock traded hands, compared to its average volume of 128,398. ProShares UltraShort Energy has a 1 year low of $12.55 and a 1 year high of $36.39. The stock has a 50 day moving average price of $14.77 and a 200 day moving average price of $17.42.

ProShares UltraShort Energy Company Profile

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.