Envestnet Asset Management Inc. reduced its position in shares of ProShares Ultra Oil & Gas (NYSEARCA:DIG) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,725 shares of the exchange traded fund’s stock after selling 2,703 shares during the period. Envestnet Asset Management Inc. owned about 0.78% of ProShares Ultra Oil & Gas worth $636,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Deutsche Bank AG acquired a new stake in shares of ProShares Ultra Oil & Gas in the fourth quarter valued at $583,000. First National Corp MA ADV lifted its holdings in shares of ProShares Ultra Oil & Gas by 32.5% during the first quarter. First National Corp MA ADV now owns 29,975 shares of the exchange traded fund’s stock valued at $929,000 after purchasing an additional 7,352 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in ProShares Ultra Oil & Gas in the 1st quarter worth about $45,000. Finally, Advisory Services Network LLC purchased a new stake in ProShares Ultra Oil & Gas in the 1st quarter worth about $25,000.
Shares of NYSEARCA DIG traded down $0.53 during mid-day trading on Tuesday, reaching $26.36. 9,634 shares of the company traded hands, compared to its average volume of 142,970. The company’s fifty day moving average is $23.30 and its two-hundred day moving average is $27.44. ProShares Ultra Oil & Gas has a fifty-two week low of $20.33 and a fifty-two week high of $46.32.
About ProShares Ultra Oil & Gas
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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