ProShares Ultra Energy (NYSEARCA:DIG) Sees Significant Drop in Short Interest

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 25,752 shares, a decrease of 36.4% from the June 30th total of 40,469 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 47,142 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Ultra Energy Price Performance

Shares of ProShares Ultra Energy stock traded up $0.51 during trading hours on Thursday, hitting $60.08. 26,322 shares of the company’s stock traded hands, compared to its average volume of 64,867. The stock has a market capitalization of $81.11 million, a price-to-earnings ratio of 14.85 and a beta of 0.82. ProShares Ultra Energy has a 12-month low of $32.40 and a 12-month high of $71.52. The company has a fifty day simple moving average of $55.37 and a 200-day simple moving average of $55.08.

Institutional Trading of ProShares Ultra Energy

Large investors have recently added to or reduced their stakes in the stock. Group One Trading LLC purchased a new position in ProShares Ultra Energy in the second quarter valued at about $33,000. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Energy during the 4th quarter worth approximately $52,000. IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Energy during the 1st quarter worth approximately $893,000. Osaic Holdings Inc. raised its holdings in shares of ProShares Ultra Energy by 7.3% in the 4th quarter. Osaic Holdings Inc. now owns 18,529 shares of the exchange traded fund’s stock worth $669,000 after purchasing an additional 1,268 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of 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 purchasing an additional 23,258 shares during the period.

ProShares Ultra Energy Company Profile

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.