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

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

Institutional Investors Weigh In On ProShares Ultra Energy

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its position in ProShares Ultra Energy by 411.8% during the second quarter. Jane Street Group LLC now owns 30,709 shares of the exchange traded fund’s stock worth $1,022,000 after purchasing an additional 24,709 shares during the period. Group One Trading LLC bought a new stake in shares of ProShares Ultra Energy in the second quarter valued at approximately $33,000. Tower Research Capital LLC TRC raised its position in shares of ProShares Ultra Energy by 789.2% in the second 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. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Energy during the 4th quarter valued at approximately $52,000. Finally, Osaic Holdings Inc. lifted its stake in shares of 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 in the last quarter.

ProShares Ultra Energy Price Performance

Shares of NYSEARCA DIG traded up $0.51 during trading on Thursday, reaching $60.08. 26,322 shares of the stock traded hands, compared to its average volume of 64,867. The stock has a market capitalization of $81.11 million, a P/E ratio of 14.85 and a beta of 0.82. ProShares Ultra Energy has a 52-week low of $32.40 and a 52-week high of $71.52. The company has a 50-day moving average of $55.37 and a 200-day moving average of $55.08.

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.