ProShares UltraShort Energy (NYSEARCA:DUG) Stock Short Interest Falls 77.7%

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 59,864 shares, a decrease of 77.7% from the August 31st total of 268,199 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 155,713 shares, the days-to-cover ratio is presently 0.4 days.

ProShares UltraShort Energy Price Performance

NYSEARCA:DUG traded up $0.29 on Friday, reaching $15.22. 189,739 shares of the company’s stock were exchanged, compared to its average volume of 116,585. The stock has a fifty day simple moving average of $15.68 and a 200-day simple moving average of $17.83. ProShares UltraShort Energy has a 52 week low of $13.68 and a 52 week high of $36.99.

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.