ProShares Short Oil & Gas (NYSEARCA:DDG) were up 3% during mid-day trading on Wednesday . The stock traded as high as $30.72 and last traded at $30.72, approximately 8,300 shares changed hands during trading. An increase of 263% from the average daily volume of 2,289 shares. The stock had previously closed at $29.83.
The firm has a 50-day moving average of $26.52 and a two-hundred day moving average of $26.13.
An institutional investor recently bought a new position in ProShares Short Oil & Gas stock. Jane Street Group LLC bought a new position in ProShares Short Oil & Gas (NYSEARCA:DDG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,227 shares of the company’s stock, valued at approximately $251,000. Jane Street Group LLC owned 13.64% of ProShares Short Oil & Gas at the end of the most recent reporting period.
ProShares Short Oil & Gas (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the Dow Jones U.S. Oil & Gas Index. The Index measures the performance of the energy sector of the United States equity market. Component companies include oil drilling equipment and services, coal, oil companies-major, oil companies-secondary, pipelines, liquid, solid or gaseous fossil fuel producers and service companies.
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