ProShares Ultra Energy (NYSEARCA:DIG) Sees Large Decrease in Short Interest

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 25,752 shares, a decline of 36.4% from the June 30th total of 40,469 shares. Based on an average daily trading volume, of 47,142 shares, the short-interest ratio is presently 0.5 days. Approximately 2.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DIG. Jane Street Group LLC increased its position in shares of ProShares Ultra Energy by 411.8% during 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 during the last quarter. Tower Research Capital LLC TRC grew its position in ProShares Ultra Energy by 789.2% during the second 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 during the period. IMC Chicago LLC purchased a new stake in ProShares Ultra Energy during the first quarter worth about $893,000. Simplex Trading LLC purchased a new stake in ProShares Ultra Energy during the fourth quarter worth about $52,000. Finally, Osaic Holdings Inc. grew its position in shares of 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 acquiring an additional 1,268 shares during the period.

ProShares Ultra Energy Trading Up 1.9%

Shares of DIG stock traded up $1.13 during trading on Friday, hitting $61.21. The company’s stock had a trading volume of 14,338 shares, compared to its average volume of 64,518. The company has a market cap of $82.63 million, a PE ratio of 14.85 and a beta of 0.82. The business has a fifty day moving average of $55.34 and a 200-day moving average of $55.27. ProShares Ultra Energy has a 52 week low of $32.40 and a 52 week high of $71.52.

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.