ProShares Ultra Energy (NYSEARCA:DIG) Sees Significant Increase in Short Interest

ProShares Ultra Energy (NYSEARCA:DIG) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 61,943 shares, an increase of 123.4% from the September 15th total of 27,727 shares. Based on an average daily trading volume, of 76,324 shares, the short-interest ratio is presently 0.8 days. Approximately 5.2% of the shares of the stock are short sold.

Institutional Trading of ProShares Ultra Energy

A hedge fund recently bought a new stake in ProShares Ultra Energy stock. IMC Chicago LLC bought a new stake in ProShares Ultra Energy (NYSEARCA:DIG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,381 shares of the exchange traded fund’s stock, valued at approximately $893,000. IMC Chicago LLC owned about 0.99% of ProShares Ultra Energy as of its most recent SEC filing.

ProShares Ultra Energy Trading Down 2.5%

Shares of NYSEARCA:DIG traded down $1.94 during trading on Thursday, reaching $75.82. The company had a trading volume of 33,183 shares, compared to its average volume of 60,148. The company has a fifty day moving average of $68.53 and a two-hundred day moving average of $61.24. The stock has a market capitalization of $90.98 million, a P/E ratio of 14.85 and a beta of 0.95. ProShares Ultra Energy has a 12 month low of $32.70 and a 12 month high of $78.53.

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.