Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Grows By 554.0%

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 94,810 shares, an increase of 554.0% from the December 31st total of 14,496 shares. Currently, 5.1% of the shares of the company are sold short. Based on an average daily volume of 52,420 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 52,420 shares, the short-interest ratio is presently 1.8 days. Currently, 5.1% of the shares of the company are sold short.

ProShares Ultra Energy Price Performance

NYSEARCA DIG traded up $0.66 on Wednesday, hitting $44.86. 42,044 shares of the company’s stock were exchanged, compared to its average volume of 46,469. The firm’s 50-day moving average price is $38.00 and its two-hundred day moving average price is $36.21. ProShares Ultra Energy has a fifty-two week low of $26.50 and a fifty-two week high of $44.99. The firm has a market cap of $82.99 million, a price-to-earnings ratio of 14.85 and a beta of 1.53.

Institutional Investors Weigh In On ProShares Ultra Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. PMV Capital Advisers LLC lifted its stake in shares of ProShares Ultra Energy by 53.7% in the fourth quarter. PMV Capital Advisers LLC now owns 12,924 shares of the exchange traded fund’s stock valued at $466,000 after purchasing an additional 4,518 shares during the period. Tower Research Capital LLC TRC lifted its stake in ProShares Ultra Energy by 789.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 26,205 shares of the exchange traded fund’s stock valued at $872,000 after buying an additional 23,258 shares in the last quarter. Group One Trading LLC purchased a new stake in shares of ProShares Ultra Energy in the second quarter valued at $33,000. Jane Street Group LLC lifted its holdings in ProShares Ultra Energy by 411.8% in the 2nd 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 in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of ProShares Ultra Energy during the second quarter valued at approximately $393,000.

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.