DIG Stock Summary and Trading Ideas (ProShares Ultra Energy | ARCA:DIG)

ProShares Ultra Energy seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Energy Select Sector Index.

ProShares Ultra Energy trades on the ARCA stock market under the symbol DIG.

As of April 18, 2024, DIG stock price declined to $45.15 with 46,972 million shares trading.

DIG has a beta of 1.04, meaning it tends to be more sensitive to market movements. DIG has a correlation of 0.09 to the broad based SPY ETF.

DIG has a market cap of $124.30 million. This is considered a Micro Cap stock.

In the last 3 years, DIG stock traded as high as $50.45 and as low as $12.67.

DIG has underperformed the market in the last year with a price return of +13.4% while the SPY ETF gained +22.3%. However, in the short term, DIG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +36.3% vs +6.1% return in SPY. But in the last 2 weeks, DIG shares have been beat by the market, returning -7.0% compared to an SPY return of -3.8%.

DIG support price is $44.51 and resistance is $46.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DIG stock will trade within this expected range on the day.