ProShares UltraShort Energy (NYSEARCA:DUG) Stock Short Interest Climbs 123.0%

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 74,817 shares, an increase of 123.0% from the September 30th total of 33,555 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 269,128 shares, the days-to-cover ratio is currently 0.3 days.

ProShares UltraShort Energy Stock Down 3.8%

Shares of NYSEARCA:DUG traded down $0.47 during midday trading on Friday, reaching $11.92. The company’s stock had a trading volume of 309,307 shares, compared to its average volume of 142,318. The stock has a fifty day moving average of $14.12 and a 200 day moving average of $18.43. ProShares UltraShort Energy has a twelve month low of $11.89 and a twelve month high of $35.67.

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.