ProShares UltraShort Energy (NYSEARCA:DUG) Sees Large Decline in Short Interest

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 33,555 shares, a drop of 43.9% from the September 15th total of 59,864 shares. Based on an average daily volume of 242,903 shares, the short-interest ratio is currently 0.1 days. Currently, 1.3% of the company’s shares are sold short.

ProShares UltraShort Energy Stock Up 3.0%

Shares of ProShares UltraShort Energy stock traded up $0.38 during trading on Thursday, reaching $13.21. 394,131 shares of the company were exchanged, compared to its average volume of 127,807. The business has a 50-day moving average price of $14.86 and a 200-day moving average price of $17.44. ProShares UltraShort Energy has a twelve month low of $12.74 and a twelve month 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.