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.
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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