Shares of ProShares UltraShort Energy (NYSEARCA:DUG – Get Free Report) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $13.96 and traded as low as $13.74. ProShares UltraShort Energy shares last traded at $13.95, with a volume of 306,969 shares traded.
ProShares UltraShort Energy Price Performance
The business has a 50 day moving average price of $13.96 and a 200-day moving average price of $17.74.
Shares of ProShares UltraShort Energy are set to reverse split on the morning of Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.
Institutional Investors Weigh In On ProShares UltraShort Energy
A hedge fund recently bought a new position in ProShares UltraShort Energy stock. Boston Partners bought a new position in ProShares UltraShort Energy (NYSEARCA:DUG – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,274 shares of the company’s stock, valued at approximately $345,000. Boston Partners owned approximately 0.84% of ProShares UltraShort Energy as of its most recent filing with the Securities and Exchange Commission (SEC).
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.
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