Envestnet Asset Management Inc. trimmed its holdings in shares of ProShares Ultra Oil & Gas (NYSEARCA:DIG) by 10.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.
Other large investors also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of ProShares Ultra Oil & Gas during the 1st quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of ProShares Ultra Oil & Gas in the 1st quarter valued at $45,000. Deutsche Bank AG bought a new position in shares of ProShares Ultra Oil & Gas in the fourth quarter worth about $583,000. Finally, First National Corp MA ADV boosted its position in ProShares Ultra Oil & Gas by 32.5% in 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 buying an additional 7,352 shares in the last quarter.
Shares of NYSEARCA:DIG opened at $24.32 on Tuesday. The firm’s fifty day moving average is $23.49 and its 200-day moving average is $27.60. ProShares Ultra Oil & Gas has a 52 week low of $20.33 and a 52 week high of $46.32.ProShares Ultra Oil & Gas Profile
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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