Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Decreases By 75.7%

ProShares Ultra Energy (NYSEARCA:DIG) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 22,997 shares, a drop of 75.7% from the January 15th total of 94,810 shares. Based on an average daily trading volume, of 45,101 shares, the short-interest ratio is presently 0.5 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 45,101 shares, the short-interest ratio is presently 0.5 days.

ProShares Ultra Energy Stock Down 3.5%

NYSEARCA:DIG opened at $51.91 on Friday. ProShares Ultra Energy has a 52 week low of $26.50 and a 52 week high of $54.24. The company has a fifty day simple moving average of $40.80 and a two-hundred day simple moving average of $37.33. The company has a market cap of $96.03 million, a price-to-earnings ratio of 14.85 and a beta of 1.53.

Institutional Investors Weigh In On ProShares Ultra Energy

Several large investors have recently bought and sold shares of DIG. Group One Trading LLC acquired a new stake in ProShares Ultra Energy in the 2nd quarter valued at about $33,000. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Energy during the fourth quarter worth approximately $52,000. Envestnet Asset Management Inc. purchased a new stake in shares of ProShares Ultra Energy during the second quarter worth approximately $393,000. PMV Capital Advisers LLC raised its holdings in 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 acquiring an additional 4,518 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in ProShares Ultra Energy by 789.2% in the second quarter. Tower Research Capital LLC TRC now owns 26,205 shares of the exchange traded fund’s stock worth $872,000 after acquiring an additional 23,258 shares during the last quarter.

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.