ProShares UltraShort Energy (NYSEARCA:DUG) Shares Shorted: Short Interest Up 123.0% in October

ProShares UltraShort Energy (NYSEARCA:DUG) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 74,817 shares, an increase of 123.0% from the September 30th total of 33,555 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average trading volume of 269,128 shares, the days-to-cover ratio is currently 0.3 days.

ProShares UltraShort Energy Stock Down 3.8%

ProShares UltraShort Energy stock traded down $0.47 during midday trading on Friday, hitting $11.92. 309,307 shares of the stock were exchanged, compared to its average volume of 142,502. The company has a fifty day simple moving average of $14.07 and a two-hundred day simple moving average of $18.34. ProShares UltraShort Energy has a 52 week low of $11.89 and a 52 week high of $35.67.

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.