ProShares UltraShort Energy (NYSEARCA:DUG) Short Interest Update

ProShares UltraShort Energy (NYSEARCA:DUG) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 14,849 shares, a decrease of 74.0% from the May 14th total of 57,165 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 203,688 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DUG. Bank of America Corp DE bought a new position in shares of ProShares UltraShort Energy in the fourth quarter worth about $25,000. Tower Research Capital LLC TRC lifted its holdings 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 last quarter. Finally, Jane Street Group LLC lifted its stake in shares of ProShares UltraShort Energy by 10.8% in 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.

ProShares UltraShort Energy Stock Up 4.1%

Shares of DUG stock traded up $0.74 on Thursday, reaching $18.91. The company had a trading volume of 129,928 shares, compared to its average volume of 113,010. ProShares UltraShort Energy has a one year low of $15.65 and a one year high of $38.27. The business’s 50-day moving average is $18.63 and its 200 day moving average is $23.44.

About ProShares UltraShort Energy

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.