ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a significant 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. Based on an average trading volume of 6,782 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 6,782 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Ultra Industrials Trading Up 2.5%

ProShares Ultra Industrials stock opened at $53.61 on Tuesday. The stock has a 50-day moving average price of $48.59 and a 200 day moving average price of $46.47. ProShares Ultra Industrials has a 52 week low of $24.87 and a 52 week high of $53.61. The stock has a market cap of $31.09 million, a PE ratio of 24.50 and a beta of 2.23.

Hedge Funds Weigh In On ProShares Ultra Industrials

Several institutional investors and hedge funds have recently modified their holdings of the company. IMC Chicago LLC boosted its position in ProShares Ultra Industrials by 52.6% during the third quarter. IMC Chicago LLC now owns 36,954 shares of the company’s stock worth $1,717,000 after acquiring an additional 12,731 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of ProShares Ultra Industrials during the 2nd quarter worth $443,000. Finally, SteelPeak Wealth LLC acquired a new stake in shares of ProShares Ultra Industrials during the second quarter worth $207,000.

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.