ProShares Ultra Energy (NYSEARCA:DIG) Short Interest Down 29.3% in March

ProShares Ultra Energy (NYSEARCA:DIG) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 45,138 shares, a decrease of 29.3% from the February 26th total of 63,858 shares. Based on an average trading volume of 123,121 shares, the short-interest ratio is presently 0.4 days. Currently, 2.4% of the company’s stock are sold short.

ProShares Ultra Energy Stock Up 3.4%

Shares of NYSEARCA:DIG traded up $2.26 during midday trading on Friday, reaching $69.51. 124,188 shares of the company were exchanged, compared to its average volume of 76,666. The firm has a market cap of $128.59 million, a PE ratio of 14.85 and a beta of 1.53. ProShares Ultra Energy has a fifty-two week low of $26.50 and a fifty-two week high of $70.00. The stock has a fifty day simple moving average of $53.56 and a two-hundred day simple moving average of $42.38.

ProShares Ultra Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.2055 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.82 annualized dividend and a dividend yield of 1.2%.

Institutional Trading of ProShares Ultra Energy

A number of institutional investors have recently modified their holdings of DIG. Group One Trading LLC acquired a new position in ProShares Ultra Energy during the second quarter worth $33,000. Osaic Holdings Inc. lifted its position in ProShares Ultra Energy by 7.3% during 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. Simplex Trading LLC acquired a new position in shares of ProShares Ultra Energy during the 4th quarter worth about $52,000. PMV Capital Advisers LLC grew its holdings 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 valued at $466,000 after acquiring an additional 4,518 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of ProShares Ultra Energy by 789.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 26,205 shares of the exchange traded fund’s stock valued at $872,000 after acquiring an additional 23,258 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.