Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Declines By 68.2%

ProShares Ultra Industrials (NYSEARCA:UXI) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,104 shares, a decrease of 68.2% from the April 30th total of 6,607 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 4,657 shares, the days-to-cover ratio is presently 0.5 days.

ProShares Ultra Industrials Trading Down 0.8%

Shares of NYSEARCA UXI traded down $0.44 during midday trading on Friday, reaching $55.75. The company’s stock had a trading volume of 1,158 shares, compared to its average volume of 6,628. The stock has a 50 day simple moving average of $54.12 and a 200-day simple moving average of $51.97. The stock has a market capitalization of $31.22 million, a price-to-earnings ratio of 24.50 and a beta of 2.09. ProShares Ultra Industrials has a fifty-two week low of $39.83 and a fifty-two week high of $61.10.

Institutional Investors Weigh In On ProShares Ultra Industrials

A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC grew its holdings in ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,954 shares of the company’s stock after purchasing an additional 12,731 shares during the period. IMC Chicago LLC owned approximately 6.60% of ProShares Ultra Industrials worth $1,717,000 as of its most recent SEC filing.

ProShares Ultra Industrials Company Profile

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.