ProShares Ultra Industrials (NYSEARCA:UXI) Sees Significant Drop in Short Interest

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 501 shares, a decline of 62.9% from the August 31st total of 1,350 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,985 shares, the short-interest ratio is presently 0.3 days.

ProShares Ultra Industrials Price Performance

Shares of NYSEARCA:UXI traded down $1.12 during midday trading on Monday, hitting $51.84. The company had a trading volume of 3,694 shares, compared to its average volume of 5,576. ProShares Ultra Industrials has a twelve month low of $41.72 and a twelve month high of $64.95. The stock has a market cap of $25.92 million, a price-to-earnings ratio of 24.50 and a beta of 2.02. The business’s 50-day simple moving average is $57.82 and its 200-day simple moving average is $56.73.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,987 shares of the company’s stock after purchasing an additional 19,898 shares during the period. IMC Chicago LLC owned approximately 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent quarter.

ProShares Ultra Industrials Company Profile

ProShares Ultra Industrials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Industrials Index. The Dow Jones United States Industrials Index measures the performance of the industrial industry of the United States equity market. Component companies include building materials, heavy construction, factory equipment, heavy machinery, industrial services, pollution control, containers and packaging, industrial diversified, air freight, marine transportation, railroads, trucking, land-transportation equipment, shipbuilding, transportation services, advanced industrial equipment, electric components and equipment, and aerospace.