ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 2,607 shares, a decline of 73.3% from the February 12th total of 9,782 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 8,356 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 8,356 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC increased its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,954 shares of the company’s stock after acquiring an additional 12,731 shares during the period. IMC Chicago LLC owned about 6.60% of ProShares Ultra Industrials worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.

ProShares Ultra Industrials Price Performance

UXI traded down $0.44 during trading on Wednesday, hitting $54.23. The stock had a trading volume of 1,138 shares, compared to its average volume of 8,921. The firm has a market cap of $31.45 million, a price-to-earnings ratio of 24.50 and a beta of 2.23. The company has a 50 day moving average price of $54.39 and a 200-day moving average price of $48.72. ProShares Ultra Industrials has a one year low of $24.87 and a one year high of $61.10.

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.