Dale Q Rice Investment Management Ltd Purchases New Shares in ProShares Ultra Energy (NYSEARCA:DIG)

Dale Q Rice Investment Management Ltd acquired a new stake in shares of ProShares Ultra Energy (NYSEARCA:DIG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 31,072 shares of the exchange traded fund’s stock, valued at approximately $1,120,000. Dale Q Rice Investment Management Ltd owned approximately 1.15% of ProShares Ultra Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIG. Fairfield Financial Advisors LTD acquired a new stake in shares of ProShares Ultra Energy during the second quarter valued at approximately $57,000. VitalStone Financial LLC grew its position in ProShares Ultra Energy by 54.6% during the 3rd quarter. VitalStone Financial LLC now owns 3,835 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 1,354 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in ProShares Ultra Energy during the 3rd quarter valued at $288,000.

ProShares Ultra Energy Stock Performance

DIG opened at $39.92 on Tuesday. ProShares Ultra Energy has a 12-month low of $32.43 and a 12-month high of $50.26. The stock has a fifty day moving average of $40.27 and a 200-day moving average of $40.30.

ProShares Ultra Energy 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.