ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 2,230 shares, a growth of 37.1% from the December 31st total of 1,626 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 6,782 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 6,782 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Ultra Industrials

A number of large investors have recently added to or reduced their stakes in the company. IMC Chicago LLC lifted its holdings in ProShares Ultra Industrials by 52.6% in the 3rd quarter. IMC Chicago LLC now owns 36,954 shares of the company’s stock worth $1,717,000 after buying an additional 12,731 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of ProShares Ultra Industrials during the second quarter valued at about $443,000. Finally, SteelPeak Wealth LLC purchased a new stake in shares of ProShares Ultra Industrials during the second quarter worth about $207,000.

ProShares Ultra Industrials Trading Up 2.5%

NYSEARCA:UXI traded up $1.31 during trading hours on Monday, hitting $53.61. The stock had a trading volume of 11,179 shares, compared to its average volume of 7,647. The company has a market cap of $31.09 million, a PE ratio of 24.50 and a beta of 2.23. The business has a 50 day simple moving average of $48.59 and a two-hundred day simple moving average of $46.47. ProShares Ultra Industrials has a 1-year low of $24.87 and a 1-year high of $53.61.

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.