ProShares UltraShort Energy (NYSEARCA:DUG) Short Interest Update

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 14,849 shares, a decline of 74.0% from the May 14th total of 57,165 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 203,688 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of ProShares UltraShort Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in ProShares UltraShort Energy in the fourth quarter valued at about $25,000. Jane Street Group LLC grew its position in ProShares UltraShort Energy by 10.8% in the fourth quarter. Jane Street Group LLC now owns 8,200 shares of the company’s stock valued at $267,000 after acquiring an additional 800 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in ProShares UltraShort Energy by 7,879.8% in the second quarter. Tower Research Capital LLC TRC now owns 29,286 shares of the company’s stock valued at $1,097,000 after acquiring an additional 28,919 shares during the period.

ProShares UltraShort Energy Stock Performance

Shares of DUG traded down $0.31 on Friday, reaching $18.60. 96,013 shares of the stock traded hands, compared to its average volume of 112,872. The stock’s 50-day moving average price is $18.65 and its 200-day moving average price is $23.41. ProShares UltraShort Energy has a 12 month low of $15.65 and a 12 month high of $38.27.

About ProShares UltraShort Energy

ProShares UltraShort Oil & Gas (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Oil & Gas Index. The Dow Jones U.S. Oil & Gas Index measures the performance of the oil and gas industry of the United States equity market. Component companies include oil drilling equipment and services, oil companies (major and secondary), pipelines, liquid, solid or gaseous fossil fuel producers and service companies. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the index.