ProShares Ultra Oil & Gas (NYSEARCA:DIG) Trading Up 12.4% Following Dividend Announcement

ProShares Ultra Oil & Gas (NYSEARCA:DIG)’s share price were up 12.4% during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as $4.42 and last traded at $4.97, approximately 139,970 shares were traded during mid-day trading. A decline of 74% from the average daily volume of 528,749 shares. The stock had previously closed at $4.42.

The newly announced dividend which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.0536 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, March 25th.

The stock’s fifty day moving average price is $13.63 and its two-hundred day moving average price is $21.25.

Several institutional investors have recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of ProShares Ultra Oil & Gas by 28.5% during the 4th quarter. Barclays PLC now owns 4,103 shares of the exchange traded fund’s stock worth $105,000 after acquiring an additional 910 shares during the period. Bank of America Corp DE lifted its holdings in shares of ProShares Ultra Oil & Gas by 496.5% during the 4th quarter. Bank of America Corp DE now owns 1,193 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 993 shares during the period. Capital Investment Counsel Inc bought a new stake in shares of ProShares Ultra Oil & Gas during the 4th quarter worth approximately $208,000. Shepherd Kaplan Krochuk LLC bought a new stake in shares of ProShares Ultra Oil & Gas during the 4th quarter worth approximately $247,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of ProShares Ultra Oil & Gas by 9,305.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 37,620 shares of the exchange traded fund’s stock worth $962,000 after acquiring an additional 37,220 shares during the period.

ProShares Ultra Oil & Gas Company Profile (NYSEARCA:DIG)

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.

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