ProShares Ultra Financials (NYSEARCA:UYG) Short Interest Update

ProShares Ultra Financials (NYSEARCA:UYG) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 64,508 shares, a growth of 29.9% from the January 29th total of 49,644 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,518 shares, the days-to-cover ratio is presently 2.9 days. Based on an average daily trading volume, of 22,518 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.7% of the shares of the stock are sold short.

ProShares Ultra Financials Stock Performance

NYSEARCA UYG traded up $0.09 on Monday, hitting $79.44. 4,260 shares of the stock were exchanged, compared to its average volume of 17,678. ProShares Ultra Financials has a 52-week low of $63.09 and a 52-week high of $104.32. The stock has a fifty day moving average price of $88.37 and a two-hundred day moving average price of $93.57. The firm has a market capitalization of $701.46 million, a P/E ratio of 17.45 and a beta of 2.02.

Institutional Trading of ProShares Ultra Financials

A number of large investors have recently made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. purchased a new position in ProShares Ultra Financials in the 3rd quarter worth about $30,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Ultra Financials during the third quarter valued at approximately $82,000. Flagship Harbor Advisors LLC purchased a new stake in shares of ProShares Ultra Financials in the fourth quarter valued at approximately $96,000. MAI Capital Management raised its position in ProShares Ultra Financials by 19.9% during the 3rd quarter. MAI Capital Management now owns 1,055 shares of the company’s stock valued at $105,000 after purchasing an additional 175 shares in the last quarter. Finally, Arax Advisory Partners purchased a new stake in shares of ProShares Ultra Financials in the 4th quarter worth $192,000.

ProShares Ultra Financials Company Profile

ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.