ProShares UltraShort Energy (NYSEARCA:DUG) Short Interest Update

ProShares UltraShort Energy (NYSEARCA:DUG) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 33,325 shares, an increase of 85.2% from the February 26th total of 17,997 shares. Approximately 9.3% of the shares of the company are sold short. Based on an average daily trading volume, of 141,845 shares, the days-to-cover ratio is presently 0.2 days.

ProShares UltraShort Energy Stock Performance

NYSEARCA DUG traded down $0.54 during trading hours on Thursday, hitting $16.63. 133,509 shares of the company’s stock traded hands, compared to its average volume of 77,792. ProShares UltraShort Energy has a 52 week low of $16.46 and a 52 week high of $51.08. The business’s fifty day moving average price is $21.96 and its two-hundred day moving average price is $29.30.

ProShares UltraShort Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.0845 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.0%.

Institutional Investors Weigh In On ProShares UltraShort Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in ProShares UltraShort Energy in the 4th quarter worth $25,000. Jane Street Group LLC lifted its position in ProShares UltraShort Energy by 10.8% during the fourth quarter. Jane Street Group LLC now owns 8,200 shares of the company’s stock valued at $267,000 after purchasing an additional 800 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in ProShares UltraShort Energy by 7,879.8% during the second quarter. Tower Research Capital LLC TRC now owns 29,286 shares of the company’s stock valued at $1,097,000 after purchasing an additional 28,919 shares during the period.

ProShares UltraShort Energy Company Profile

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.