ProShares UltraShort Energy (NYSEARCA:DUG) Short Interest Update

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 33,325 shares, a growth of 85.2% from the February 26th total of 17,997 shares. Currently, 9.3% of the company’s stock are short sold. Based on an average trading volume of 141,845 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On ProShares UltraShort Energy

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in ProShares UltraShort Energy during the 4th quarter valued at about $25,000. Jane Street Group LLC boosted its holdings in shares of ProShares UltraShort Energy by 10.8% during the 4th 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 during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of ProShares UltraShort Energy by 7,879.8% in the second 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.

ProShares UltraShort Energy Stock Down 3.1%

Shares of ProShares UltraShort Energy stock traded down $0.54 on Thursday, reaching $16.63. The company’s stock had a trading volume of 133,509 shares, compared to its average volume of 77,792. The firm’s fifty day simple moving average is $21.96 and its two-hundred day simple moving average is $29.30. ProShares UltraShort Energy has a 52 week low of $16.46 and a 52 week high of $51.08.

ProShares UltraShort Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a dividend of $0.0845 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.34 annualized dividend and a dividend yield of 2.0%.

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.