Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Expands By 239.7%

ProShares Ultra Energy (NYSEARCA:DIG) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 63,858 shares, a growth of 239.7% from the February 12th total of 18,800 shares. Based on an average daily volume of 54,254 shares, the days-to-cover ratio is presently 1.2 days. Approximately 3.5% of the shares of the stock are sold short. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 54,254 shares, the days-to-cover ratio is presently 1.2 days.

ProShares Ultra Energy Trading Up 1.8%

Shares of NYSEARCA:DIG traded up $1.03 during mid-day trading on Thursday, reaching $58.46. The stock had a trading volume of 92,673 shares, compared to its average volume of 72,895. The company has a market cap of $108.15 million, a P/E ratio of 14.85 and a beta of 1.53. The business’s 50 day moving average price is $48.27 and its 200 day moving average price is $40.26. ProShares Ultra Energy has a 1 year low of $26.50 and a 1 year high of $59.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Group One Trading LLC bought a new stake in ProShares Ultra Energy in the second quarter worth $33,000. Simplex Trading LLC bought a new position in ProShares Ultra Energy during the fourth quarter valued at $52,000. Envestnet Asset Management Inc. bought a new position in ProShares Ultra Energy during the second quarter valued at $393,000. PMV Capital Advisers LLC grew its stake in shares of ProShares Ultra Energy by 53.7% in the 4th quarter. PMV Capital Advisers LLC now owns 12,924 shares of the exchange traded fund’s stock worth $466,000 after buying an additional 4,518 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of ProShares Ultra Energy by 7.3% in the 4th quarter. Osaic Holdings Inc. now owns 18,529 shares of the exchange traded fund’s stock worth $669,000 after buying an additional 1,268 shares in the last quarter.

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.