ProShares Ultra Energy (NYSEARCA:DIG) Stock Short Interest Rises 123.4%

ProShares Ultra Energy (NYSEARCA:DIG) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 61,943 shares, a growth of 123.4% from the September 15th total of 27,727 shares. Based on an average daily trading volume, of 76,324 shares, the short-interest ratio is presently 0.8 days. Approximately 5.2% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares Ultra Energy

A hedge fund recently bought a new position in ProShares Ultra Energy stock. IMC Chicago LLC acquired a new position in ProShares Ultra Energy (NYSEARCA:DIG) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,381 shares of the exchange traded fund’s stock, valued at approximately $893,000. IMC Chicago LLC owned approximately 0.99% of ProShares Ultra Energy at the end of the most recent quarter.

ProShares Ultra Energy Trading Up 1.1%

Shares of DIG traded up $0.81 during midday trading on Wednesday, reaching $77.76. 60,272 shares of the company were exchanged, compared to its average volume of 60,314. ProShares Ultra Energy has a 1-year low of $32.70 and a 1-year high of $78.00. The stock has a 50-day moving average price of $68.10 and a 200-day moving average price of $61.17. The company has a market cap of $93.31 million, a price-to-earnings ratio of 14.85 and a beta of 0.95.

ProShares Ultra Energy Company Profile

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.