ProShares UltraShort Oil & Gas (NYSEARCA:DUG) Stock Price Down 1.3%

ProShares UltraShort Oil & Gas (NYSEARCA:DUG)’s stock price traded down 1.3% on Wednesday . The company traded as low as $43.19 and last traded at $43.19, 4,218 shares changed hands during trading. A decline of 90% from the average session volume of 44,175 shares. The stock had previously closed at $43.78.

The business’s 50 day simple moving average is $43.84 and its two-hundred day simple moving average is $41.75.

The firm also recently announced a — dividend, which was paid on Wednesday, October 2nd. Investors of record on Thursday, September 26th were given a dividend of $0.0647 per share. The ex-dividend date was Wednesday, September 25th. This represents a yield of 0.6%.

A number of hedge funds and other institutional investors have recently made changes to their positions in DUG. Terril Brothers Inc. bought a new position in ProShares UltraShort Oil & Gas during the second quarter valued at $4,786,000. US Bancorp DE purchased a new stake in ProShares UltraShort Oil & Gas in the second quarter worth about $591,000. Finally, Tower Research Capital LLC TRC purchased a new stake in ProShares UltraShort Oil & Gas in the second quarter worth about $554,000.

About ProShares UltraShort Oil & Gas (NYSEARCA:DUG)

ProShares UltraShort Oil & Gas (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Oil & Gas Index. The Dow Jones U.S. Oil & Gas Index measures the performance of the oil and gas industry of the United States equity market. Component companies include oil drilling equipment and services, oil companies (major and secondary), pipelines, liquid, solid or gaseous fossil fuel producers and service companies.

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