ProShares Ultra Materials (NYSEARCA:UYM) Short Interest Update

ProShares Ultra Materials (NYSEARCA:UYM) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,607 shares, an increase of 67.3% from the July 15th total of 2,753 shares. Based on an average daily volume of 6,459 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s stock are short sold.

ProShares Ultra Materials Stock Performance

Shares of UYM opened at $30.43 on Wednesday. The firm has a market cap of $38.95 million, a PE ratio of 22.90 and a beta of 1.87. ProShares Ultra Materials has a twelve month low of $21.34 and a twelve month high of $34.54. The firm’s 50 day moving average price is $30.34 and its 200 day moving average price is $30.43.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new position in shares of ProShares Ultra Materials during the 4th quarter worth about $44,000. Bank of America Corp DE bought a new stake in shares of ProShares Ultra Materials in the second quarter valued at about $57,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of ProShares Ultra Materials by 32.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,850 shares of the company’s stock valued at $44,000 after buying an additional 450 shares during the period.

ProShares Ultra Materials Company Profile

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.