RPG Investment Advisory LLC lessened its holdings in shares of ProShares Ultra Oil & Gas (NYSEARCA:DIG) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,051 shares of the exchange traded fund’s stock after selling 705 shares during the quarter. RPG Investment Advisory LLC’s holdings in ProShares Ultra Oil & Gas were worth $1,614,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Deutsche Bank AG bought a new stake in ProShares Ultra Oil & Gas during the 4th quarter valued at $583,000. Cutler Group LP increased its stake in ProShares Ultra Oil & Gas by 6,589.0% during the 4th quarter. Cutler Group LP now owns 6,489 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 6,589 shares in the last quarter. Simplex Trading LLC bought a new stake in ProShares Ultra Oil & Gas during the 4th quarter valued at $42,000. Envestnet Asset Management Inc. bought a new stake in ProShares Ultra Oil & Gas during the 3rd quarter valued at $931,000. Finally, SG Americas Securities LLC bought a new stake in ProShares Ultra Oil & Gas during the 3rd quarter valued at $113,000.
DIG stock traded down $0.38 during midday trading on Monday, reaching $31.81. 94,784 shares of the company’s stock traded hands, compared to its average volume of 138,805. ProShares Ultra Oil & Gas has a 52 week low of $20.33 and a 52 week high of $47.42.
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ProShares Ultra Oil & Gas Company 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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