ProShares UltraShort Oil & Gas (NYSEARCA:DUG) Trading 6.1% Higher

ProShares UltraShort Oil & Gas (NYSEARCA:DUG) shares traded up 6.1% during mid-day trading on Thursday . The stock traded as high as $61.56 and last traded at $60.96. 199,300 shares were traded during mid-day trading, an increase of 124% from the average session volume of 88,930 shares. The stock had previously closed at $57.44.

The firm’s 50-day moving average price is $46.16 and its two-hundred day moving average price is $55.53.

Several hedge funds have recently bought and sold shares of DUG. Tower Research Capital LLC TRC boosted its holdings in shares of ProShares UltraShort Oil & Gas by 30.6% during the first quarter. Tower Research Capital LLC TRC now owns 12,388 shares of the company’s stock worth $1,204,000 after purchasing an additional 2,903 shares during the period. UBS Group AG acquired a new stake in shares of ProShares UltraShort Oil & Gas during the first quarter worth approximately $55,000. Finally, Morgan Stanley boosted its holdings in shares of ProShares UltraShort Oil & Gas by 372.6% during the first quarter. Morgan Stanley now owns 449 shares of the company’s stock worth $44,000 after purchasing an additional 354 shares during the period.

About ProShares UltraShort Oil & Gas (NYSEARCA:DUG)

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.

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