Short Interest in ProShares UltraShort Energy (NYSEARCA:DUG) Expands By 40.6%

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 63,338 shares, an increase of 40.6% from the January 15th total of 45,059 shares. Based on an average trading volume of 31,737 shares, the short-interest ratio is presently 2.0 days. Approximately 17.6% of the company’s shares are short sold. Approximately 17.6% of the company’s shares are short sold. Based on an average trading volume of 31,737 shares, the short-interest ratio is presently 2.0 days.

ProShares UltraShort Energy Stock Performance

NYSEARCA:DUG opened at $21.70 on Tuesday. The firm’s fifty day simple moving average is $28.71 and its 200 day simple moving average is $32.41. ProShares UltraShort Energy has a twelve month low of $21.11 and a twelve month high of $51.08.

Institutional Investors Weigh In On ProShares UltraShort Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new stake in shares of ProShares UltraShort Energy during the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC boosted its holdings in ProShares UltraShort Energy by 7,879.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 29,286 shares of the company’s stock worth $1,097,000 after acquiring an additional 28,919 shares during the period. Finally, Jane Street Group LLC grew its position in ProShares UltraShort Energy by 10.8% in the fourth quarter. Jane Street Group LLC now owns 8,200 shares of the company’s stock valued at $267,000 after acquiring an additional 800 shares in the last quarter.

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.