ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 5,671 shares, a decline of 90.3% from the November 30th total of 58,363 shares. Based on an average daily volume of 10,608 shares, the short-interest ratio is currently 0.5 days. Currently, 1.0% of the shares of the company are short sold. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 10,608 shares, the short-interest ratio is currently 0.5 days.

ProShares Ultra Industrials Stock Up 0.5%

NYSEARCA:UXI traded up $0.23 on Thursday, hitting $47.84. The stock had a trading volume of 1,661 shares, compared to its average volume of 3,958. The stock has a market cap of $26.79 million, a price-to-earnings ratio of 24.50 and a beta of 2.23. The business’s 50-day simple moving average is $45.69 and its two-hundred day simple moving average is $44.88. ProShares Ultra Industrials has a 52-week low of $24.87 and a 52-week high of $48.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. IMC Chicago LLC grew its position in shares of ProShares Ultra Industrials by 52.6% during the 3rd quarter. IMC Chicago LLC now owns 36,954 shares of the company’s stock valued at $1,717,000 after acquiring an additional 12,731 shares during the period. Envestnet Asset Management Inc. purchased a new position in ProShares Ultra Industrials during the second quarter valued at $443,000. Finally, SteelPeak Wealth LLC bought a new stake in ProShares Ultra Industrials during the second quarter valued at about $207,000.

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.