ProShares Ultra Energy (NYSEARCA:DIG) Short Interest Down 34.8% in August

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 21,961 shares, a decrease of 34.8% from the July 30th total of 33,669 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 30,825 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of ProShares Ultra Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its holdings in shares of ProShares Ultra Energy by 411.8% in the second 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. Group One Trading LLC purchased a new position in ProShares Ultra Energy during the 2nd quarter worth $33,000. Tower Research Capital LLC TRC increased its holdings 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 worth $872,000 after purchasing an additional 23,258 shares during the period. Simplex Trading LLC bought a new stake in ProShares Ultra Energy during the 4th quarter valued at $52,000. Finally, Osaic Holdings Inc. raised 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 in the last quarter.

ProShares Ultra Energy Stock Up 2.6%

DIG traded up $1.80 on Tuesday, reaching $71.72. 99,878 shares of the company traded hands, compared to its average volume of 59,472. ProShares Ultra Energy has a one year low of $32.70 and a one year high of $71.86. The firm has a fifty day simple moving average of $58.95 and a two-hundred day simple moving average of $58.33. The company has a market cap of $96.82 million, a P/E ratio of 14.85 and a beta of 0.82.

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.