ProShares UltraShort Energy (NYSEARCA:DUG) Short Interest Update

ProShares UltraShort Energy (NYSEARCA:DUG) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 59,864 shares, a drop of 77.7% from the August 31st total of 268,199 shares. Based on an average daily trading volume, of 155,713 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.4% of the company’s shares are sold short.

ProShares UltraShort Energy Price Performance

DUG stock traded up $0.29 during mid-day trading on Friday, reaching $15.22. The company had a trading volume of 189,739 shares, compared to its average volume of 116,585. The firm has a 50 day moving average of $15.68 and a 200 day moving average of $17.84. ProShares UltraShort Energy has a 12 month low of $13.68 and a 12 month high of $36.99.

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.