Short Interest in ProShares UltraShort Energy (NYSEARCA:DUG) Drops By 67.1%

ProShares UltraShort Energy (NYSEARCA:DUG) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 17,997 shares, a decline of 67.1% from the February 12th total of 54,668 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average daily volume of 37,617 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 37,617 shares, the short-interest ratio is presently 0.5 days. Approximately 5.0% of the company’s stock are sold short.

Institutional Trading of ProShares UltraShort Energy

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

ProShares UltraShort Energy Stock Down 0.5%

NYSEARCA:DUG traded down $0.10 on Friday, reaching $19.28. 64,170 shares of the stock traded hands, compared to its average volume of 61,654. ProShares UltraShort Energy has a 12 month low of $18.92 and a 12 month high of $51.08. The company’s fifty day simple moving average is $24.07 and its 200 day simple moving average is $30.31.

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.