Short Interest in ProShares Ultra Energy (NYSEARCA:DIG) Rises By 36.2%

ProShares Ultra Energy (NYSEARCA:DIG) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 61,473 shares, an increase of 36.2% from the March 15th total of 45,138 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average trading volume of 104,821 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DIG. Jane Street Group LLC increased its stake in ProShares Ultra Energy by 411.8% in the 2nd quarter. Jane Street Group LLC now owns 30,709 shares of the exchange traded fund’s stock valued at $1,022,000 after buying an additional 24,709 shares during the period. Group One Trading LLC acquired a new position in ProShares Ultra Energy in the 2nd quarter valued at approximately $33,000. Tower Research Capital LLC TRC increased its stake in 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 buying an additional 23,258 shares during the period. PMV Capital Advisers LLC increased its stake in 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 buying an additional 4,518 shares during the period. Finally, Simplex Trading LLC acquired a new position in ProShares Ultra Energy in the 4th quarter valued at approximately $52,000.

ProShares Ultra Energy Stock Performance

Shares of NYSEARCA:DIG traded down $0.40 during mid-day trading on Wednesday, hitting $54.95. The stock had a trading volume of 81,681 shares, compared to its average volume of 84,744. The company has a market cap of $85.17 million, a PE ratio of 14.85 and a beta of 0.99. ProShares Ultra Energy has a 12-month low of $28.80 and a 12-month high of $71.52. The company’s 50 day moving average is $57.75 and its 200-day moving average is $44.52.

ProShares Ultra Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.2055 dividend. This represents a $0.82 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, March 25th.

ProShares Ultra Energy Company Profile

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.