ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Up 310.3% in June

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 16,229 shares, a growth of 310.3% from the June 15th total of 3,955 shares. Based on an average daily volume of 9,122 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.1% of the shares of the stock are sold short.

ProShares Ultra Industrials Stock Performance

UXI traded down $1.36 during trading on Monday, reaching $59.92. 22,440 shares of the company traded hands, compared to its average volume of 6,503. The company has a market cap of $31.16 million, a P/E ratio of 24.50 and a beta of 2.02. ProShares Ultra Industrials has a 12-month low of $41.72 and a 12-month high of $64.95. The firm has a fifty day simple moving average of $58.13 and a 200 day simple moving average of $55.10.

Hedge Funds Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC grew its holdings in ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,987 shares of the company’s stock after buying an additional 19,898 shares during the period. IMC Chicago LLC owned approximately 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent filing with the Securities & Exchange Commission.

About ProShares Ultra Industrials

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.