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

ProShares UltraShort Energy (NYSEARCA:DUGGet Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 63,338 shares, a growth of 40.6% from the January 15th total of 45,059 shares. Currently, 17.6% of the company’s stock are short sold. Based on an average daily trading volume, of 31,737 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 31,737 shares, the days-to-cover ratio is presently 2.0 days. Currently, 17.6% of the company’s stock are short sold.

ProShares UltraShort Energy Trading Down 1.5%

DUG opened at $21.70 on Friday. ProShares UltraShort Energy has a one year low of $21.11 and a one year high of $51.08. The business’s 50-day simple moving average is $28.93 and its 200-day simple moving average is $32.53.

Institutional Trading of ProShares UltraShort Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DUG. Bank of America Corp DE purchased a new position in shares of ProShares UltraShort Energy in the 4th quarter valued at $25,000. Jane Street Group LLC grew its holdings in shares of ProShares UltraShort Energy by 10.8% during the fourth quarter. Jane Street Group LLC now owns 8,200 shares of the company’s stock worth $267,000 after purchasing an additional 800 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of 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 worth $1,097,000 after purchasing an additional 28,919 shares in the last quarter.

ProShares UltraShort Energy Company Profile

(Get Free Report)

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.

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