ProShares UltraShort Energy (NYSEARCA:DUG) Stock Short Interest Report for September

ProShares UltraShort Energy (NYSEARCA:DUG) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 33,555 shares, a drop of 43.9% from the September 15th total of 59,864 shares. Based on an average trading volume of 242,903 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.3% of the company’s shares are sold short.

ProShares UltraShort Energy Stock Up 3.0%

NYSEARCA DUG traded up $0.38 during trading on Thursday, reaching $13.21. 394,131 shares of the stock traded hands, compared to its average volume of 127,807. The stock’s 50-day moving average price is $14.86 and its 200 day moving average price is $17.44. ProShares UltraShort Energy has a fifty-two week low of $12.74 and a fifty-two week high of $36.99.

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.