Kovitz Investment Group Partners LLC acquired a new stake in ProShares Ultra Energy (NYSEARCA:DIG – Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 7,500 shares of the exchange traded fund’s stock, valued at approximately $288,000. Kovitz Investment Group Partners LLC owned approximately 0.28% of ProShares Ultra Energy at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. VitalStone Financial LLC grew its stake in ProShares Ultra Energy by 54.6% in the 3rd quarter. VitalStone Financial LLC now owns 3,835 shares of the exchange traded fund’s stock valued at $147,000 after buying an additional 1,354 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in ProShares Ultra Energy in the 2nd quarter valued at approximately $57,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in ProShares Ultra Energy in the 2nd quarter valued at approximately $36,000.
ProShares Ultra Energy Trading Down 1.3 %
ProShares Ultra Energy stock opened at $38.94 on Friday. ProShares Ultra Energy has a 1-year low of $32.43 and a 1-year high of $50.26. The firm has a 50 day simple moving average of $41.99 and a 200 day simple moving average of $41.03.
ProShares Ultra Energy 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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