ProShares Ultra Utilities (NYSEARCA:UPW – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 17,146 shares, an increase of 394.5% from the September 15th total of 3,467 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,995 shares, the short-interest ratio is presently 0.8 days.
ProShares Ultra Utilities Stock Performance
Shares of NYSEARCA UPW traded up $0.31 during midday trading on Friday, reaching $19.60. 19,044 shares of the company traded hands, compared to its average volume of 21,560. ProShares Ultra Utilities has a 12 month low of $17.57 and a 12 month high of $26.80. The firm has a market cap of $12.15 million, a PE ratio of 21.21 and a beta of 1.11. The stock’s 50-day simple moving average is $20.50 and its 200-day simple moving average is $22.74.
Institutional Inflows and Outflows
An institutional investor recently raised its position in ProShares Ultra Utilities stock. IMC Chicago LLC grew its stake in ProShares Ultra Utilities (NYSEARCA:UPW – Free Report) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,657 shares of the company’s stock after acquiring an additional 3,895 shares during the period. IMC Chicago LLC owned 3.47% of ProShares Ultra Utilities worth $834,000 as of its most recent filing with the Securities and Exchange Commission.
ProShares Ultra Utilities Company Profile
ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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