Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Declines By 35.1%

ProShares Ultra Energy (NYSEARCA:DIG) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 39,878 shares, a decline of 35.1% from the March 31st total of 61,473 shares. Based on an average daily volume of 120,674 shares, the days-to-cover ratio is presently 0.3 days. Approximately 3.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PMV Capital Advisers LLC boosted its position 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 purchasing an additional 4,518 shares during the period. Simplex Trading LLC acquired a new position in ProShares Ultra Energy during the 4th quarter valued at approximately $52,000. Jane Street Group LLC boosted its position in ProShares Ultra Energy by 411.8% during the 2nd quarter. Jane Street Group LLC now owns 30,709 shares of the exchange traded fund’s stock valued at $1,022,000 after purchasing an additional 24,709 shares during the period. Tower Research Capital LLC TRC boosted its position in ProShares Ultra Energy by 789.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 26,205 shares of the exchange traded fund’s stock valued at $872,000 after purchasing an additional 23,258 shares during the period. Finally, Osaic Holdings Inc. boosted its position 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 purchasing an additional 1,268 shares during the period.

ProShares Ultra Energy Price Performance

NYSEARCA:DIG traded up $1.22 during midday trading on Thursday, reaching $62.59. 52,658 shares of the company traded hands, compared to its average volume of 81,368. ProShares Ultra Energy has a twelve month low of $29.74 and a twelve month high of $71.52. The firm has a market capitalization of $84.50 million, a price-to-earnings ratio of 14.85 and a beta of 0.99. The company has a fifty day moving average price of $59.00 and a 200 day moving average price of $46.16.

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.