ProShares Ultra Utilities (NYSEARCA:UPW) Short Interest Update

ProShares Ultra Utilities (NYSEARCA:UPW) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 6,560 shares, a drop of 42.5% from the August 15th total of 11,415 shares. Based on an average daily volume of 28,588 shares, the short-interest ratio is currently 0.2 days. Approximately 0.9% of the company’s stock are short sold.

ProShares Ultra Utilities Stock Performance

Shares of ProShares Ultra Utilities stock traded down $0.07 during trading on Wednesday, hitting $19.50. 7,423 shares of the stock traded hands, compared to its average volume of 21,475. The stock has a market cap of $975,000.00, a P/E ratio of 21.21 and a beta of 1.12. The company has a fifty day moving average price of $22.34 and a two-hundred day moving average price of $23.60. ProShares Ultra Utilities has a twelve month low of $19.44 and a twelve month high of $26.80.

Institutional Trading of ProShares Ultra Utilities

A hedge fund recently raised its position in ProShares Ultra Utilities stock. IMC Chicago LLC grew its holdings in ProShares Ultra Utilities (NYSEARCA:UPW) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

About ProShares Ultra Utilities

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.