ProShares Ultra Industrials (NYSEARCA:UXI) Shares Shorted: Short Interest Up 69.5% in September

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 849 shares, an increase of 69.5% from the September 15th total of 501 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,255 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its stake in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,987 shares of the company’s stock after buying an additional 19,898 shares during the quarter. IMC Chicago LLC owned 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent SEC filing.

ProShares Ultra Industrials Price Performance

UXI traded down $0.01 during trading hours on Thursday, reaching $50.58. The company’s stock had a trading volume of 2,668 shares, compared to its average volume of 5,351. The stock has a market cap of $25.29 million, a PE ratio of 24.50 and a beta of 2.02. ProShares Ultra Industrials has a fifty-two week low of $41.72 and a fifty-two week high of $64.95. The business’s 50-day moving average is $55.72 and its 200-day moving average is $56.78.

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.