ProShares Ultra Oil & Gas (NYSEARCA:DIG) Share Price Pass Above Two Hundred Day Moving Average of $26.46

ProShares Ultra Oil & Gas (NYSEARCA:DIG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.46 and traded as high as $22.89. ProShares Ultra Oil & Gas shares last traded at $22.89, with a volume of 2,100 shares.

The business has a 50 day simple moving average of $23.30 and a two-hundred day simple moving average of $26.46.

The firm also recently announced a — dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Thursday, September 26th were paid a $0.1748 dividend. The ex-dividend date was Wednesday, September 25th. This represents a yield of 2.4%.

A number of hedge funds and other institutional investors have recently made changes to their positions in DIG. Advisory Services Network LLC purchased a new position in shares of ProShares Ultra Oil & Gas in the 1st quarter worth about $25,000. SRS Capital Advisors Inc. purchased a new position in shares of ProShares Ultra Oil & Gas in the 2nd quarter worth about $29,000. RPg Family Wealth Advisory LLC boosted its holdings in shares of ProShares Ultra Oil & Gas by 61.6% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 2,368 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 903 shares in the last quarter. First National Corp MA ADV boosted its holdings in shares of ProShares Ultra Oil & Gas by 32.5% in the 1st quarter. First National Corp MA ADV now owns 29,975 shares of the exchange traded fund’s stock worth $929,000 after purchasing an additional 7,352 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of ProShares Ultra Oil & Gas by 2,255.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 48,904 shares of the exchange traded fund’s stock worth $1,370,000 after purchasing an additional 46,828 shares in the last quarter.

About ProShares Ultra Oil & Gas (NYSEARCA:DIG)

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.

Further Reading: Channel Trading

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