ProShares Ultra Energy (NYSEARCA:DIG) Sees Large Growth in Short Interest

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 94,810 shares, a growth of 554.0% from the December 31st total of 14,496 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 52,420 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 52,420 shares, the short-interest ratio is presently 1.8 days. Currently, 5.1% of the shares of the stock are short sold.

ProShares Ultra Energy Price Performance

DIG traded up $0.80 during midday trading on Thursday, reaching $45.66. 71,084 shares of the company’s stock traded hands, compared to its average volume of 47,768. ProShares Ultra Energy has a 52 week low of $26.50 and a 52 week high of $47.82. The firm has a fifty day moving average of $38.00 and a two-hundred day moving average of $36.21. The stock has a market capitalization of $84.47 million, a price-to-earnings ratio of 14.85 and a beta of 1.53.

Institutional Investors Weigh In On ProShares Ultra Energy

Several hedge funds have recently bought and sold shares of the business. PMV Capital Advisers LLC raised its stake in shares of ProShares Ultra Energy by 53.7% in the fourth quarter. PMV Capital Advisers LLC now owns 12,924 shares of the exchange traded fund’s stock worth $466,000 after purchasing an additional 4,518 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake 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 acquiring an additional 23,258 shares during the period. Group One Trading LLC purchased a new stake in shares of ProShares Ultra Energy during the 2nd quarter valued at about $33,000. Jane Street Group LLC boosted its holdings in shares of 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 acquiring an additional 24,709 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of ProShares Ultra Energy in the second quarter worth approximately $393,000.

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.