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

ProShares Ultra Energy (NYSEARCA:DIG) was the target of a significant increase in short interest during the month of 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. Based on an average daily volume of 104,821 shares, the short-interest ratio is currently 0.6 days. Currently, 3.8% of the shares of the stock are sold short.

ProShares Ultra Energy Trading Down 0.7%

DIG stock traded down $0.40 on Wednesday, hitting $54.95. 81,681 shares of the company’s stock traded hands, compared to its average volume of 84,744. ProShares Ultra Energy has a 1-year low of $28.80 and a 1-year high of $71.52. The stock has a market cap of $85.17 million, a price-to-earnings ratio of 14.85 and a beta of 0.99. The stock has a fifty day moving average of $57.75 and a 200-day moving average of $44.52.

ProShares Ultra Energy Cuts Dividend

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

Institutional Investors Weigh In On ProShares Ultra Energy

Hedge funds have recently made changes to their positions in the company. Group One Trading LLC purchased a new stake in shares of ProShares Ultra Energy in the 2nd quarter valued at approximately $33,000. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Energy in the 4th quarter valued at approximately $52,000. PMV Capital Advisers LLC lifted its position 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. Osaic Holdings Inc. lifted its position in shares of ProShares Ultra Energy by 7.3% in the 4th quarter. Osaic Holdings Inc. now owns 18,529 shares of the exchange traded fund’s stock valued at $669,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position 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.

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.