Short Interest in ProShares UltraShort Energy (NYSEARCA:DUG) Increases By 246.5%

ProShares UltraShort Energy (NYSEARCA:DUG) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 64,350 shares, a growth of 246.5% from the July 30th total of 18,571 shares. Based on an average daily trading volume, of 92,438 shares, the days-to-cover ratio is presently 0.7 days. Approximately 5.3% of the shares of the company are short sold.

ProShares UltraShort Energy Trading Down 1.2%

Shares of DUG stock opened at $15.33 on Thursday. ProShares UltraShort Energy has a twelve month low of $14.25 and a twelve month high of $36.99. The stock has a 50 day moving average of $18.19 and a 200 day moving average of $18.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of ProShares UltraShort Energy in the fourth quarter worth about $25,000. Jane Street Group LLC grew its position in shares of ProShares UltraShort Energy by 10.8% during 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 period. Finally, Tower Research Capital LLC TRC increased its stake in shares of ProShares UltraShort Energy by 7,879.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 29,286 shares of the company’s stock valued at $1,097,000 after purchasing an additional 28,919 shares in the last quarter.

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.