ProShares Ultra Utilities (NYSEARCA:UPW) Short Interest Down 42.5% in August

ProShares Ultra Utilities (NYSEARCA:UPW) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,560 shares, a decrease of 42.5% from the August 15th total of 11,415 shares. Based on an average trading volume of 28,588 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.9% of the shares of the stock are short sold.

ProShares Ultra Utilities Trading Up 2.1%

UPW opened at $19.91 on Friday. ProShares Ultra Utilities has a 1-year low of $19.44 and a 1-year high of $26.80. The stock has a market capitalization of $995,500.00, a PE ratio of 21.21 and a beta of 1.12. The firm has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $23.51.

Institutional Trading of ProShares Ultra Utilities

A hedge fund recently raised its stake in ProShares Ultra Utilities stock. IMC Chicago LLC increased its stake in ProShares Ultra Utilities (NYSEARCA:UPW) by 13.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,657 shares of the company’s stock after purchasing an additional 3,895 shares during the period. IMC Chicago LLC owned 3.47% of ProShares Ultra Utilities worth $834,000 as of its most recent SEC filing.

ProShares Ultra Utilities Company Profile

ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.