Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Expands By 554.0%

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 94,810 shares, a growth of 554.0% from the December 31st total of 14,496 shares. Based on an average trading volume of 52,420 shares, the days-to-cover ratio is currently 1.8 days. Currently, 5.1% of the shares of the company are short sold. Currently, 5.1% of the shares of the company are short sold. Based on an average trading volume of 52,420 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DIG. Group One Trading LLC purchased a new stake in shares of ProShares Ultra Energy during the 2nd quarter valued at about $33,000. Envestnet Asset Management Inc. bought a new stake in ProShares Ultra Energy during the second quarter valued at approximately $393,000. PMV Capital Advisers LLC increased its holdings in ProShares Ultra Energy by 53.7% during the fourth quarter. PMV Capital Advisers LLC now owns 12,924 shares of the exchange traded fund’s stock valued at $466,000 after buying an additional 4,518 shares during the last quarter. Tower Research Capital LLC TRC raised its position 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 period. Finally, Jane Street Group LLC raised its position in ProShares Ultra Energy by 411.8% in the second quarter. Jane Street Group LLC now owns 30,709 shares of the exchange traded fund’s stock worth $1,022,000 after acquiring an additional 24,709 shares during the period.

ProShares Ultra Energy Trading Up 1.5%

NYSEARCA:DIG traded up $0.66 during trading hours on Wednesday, reaching $44.86. The company had a trading volume of 42,044 shares, compared to its average volume of 46,469. The firm has a market cap of $82.99 million, a price-to-earnings ratio of 14.85 and a beta of 1.53. ProShares Ultra Energy has a 52 week low of $26.50 and a 52 week high of $44.99. The firm’s 50 day moving average price is $38.00 and its 200-day moving average price is $36.21.

About ProShares Ultra Energy

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.