ProShares Ultra Energy (NYSEARCA:DIG) Short Interest Down 18.3% in February
by Renee Jackson · The Cerbat GemProShares Ultra Energy (NYSEARCA:DIG – Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 18,800 shares, a drop of 18.3% from the January 29th total of 22,997 shares. Based on an average trading volume of 86,096 shares, the short-interest ratio is currently 0.2 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 86,096 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On ProShares Ultra Energy
Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of ProShares Ultra Energy during the second quarter valued at approximately $393,000. PMV Capital Advisers LLC raised its holdings in ProShares Ultra Energy by 53.7% during the 4th quarter. PMV Capital Advisers LLC now owns 12,924 shares of the exchange traded fund’s stock valued at $466,000 after buying an additional 4,518 shares during the last quarter. Osaic Holdings Inc. raised its holdings in ProShares Ultra Energy by 7.3% during the 4th quarter. Osaic Holdings Inc. now owns 18,529 shares of the exchange traded fund’s stock valued at $669,000 after buying an additional 1,268 shares during the last quarter. Simplex Trading LLC purchased a new stake in ProShares Ultra Energy during the 4th quarter valued at $52,000. Finally, Tower Research Capital LLC TRC grew its holdings in ProShares Ultra Energy by 789.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 26,205 shares of the exchange traded fund’s stock worth $872,000 after acquiring an additional 23,258 shares during the last quarter.
ProShares Ultra Energy Trading Down 1.3%
Shares of DIG traded down $0.75 during mid-day trading on Wednesday, reaching $55.91. The company’s stock had a trading volume of 123,099 shares, compared to its average volume of 66,943. ProShares Ultra Energy has a 52 week low of $26.50 and a 52 week high of $59.41. The stock has a market cap of $103.43 million, a PE ratio of 14.85 and a beta of 1.53. The company’s fifty day moving average price is $45.37 and its two-hundred day moving average price is $39.23.
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.