ProShares Ultra Industrials (NYSEARCA:UXI) Sees Large Decrease in Short Interest

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,872 shares, a drop of 88.5% from the June 30th total of 16,229 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 7,057 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On ProShares Ultra Industrials

A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

ProShares Ultra Industrials Trading Up 0.1%

ProShares Ultra Industrials stock traded up $0.09 during midday trading on Friday, reaching $61.01. 3,770 shares of the stock traded hands, compared to its average volume of 6,248. ProShares Ultra Industrials has a fifty-two week low of $41.72 and a fifty-two week high of $64.95. The firm has a market cap of $31.73 million, a price-to-earnings ratio of 24.50 and a beta of 2.02. The firm has a fifty day moving average price of $58.71 and a two-hundred day moving average price of $55.83.

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.