ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,607 shares, a growth of 141.0% from the April 15th total of 2,741 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 6,051 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds 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 shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,954 shares of the company’s stock after buying 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 filing with the SEC.

ProShares Ultra Industrials Trading Down 3.4%

NYSEARCA:UXI traded down $1.95 on Friday, reaching $54.77. 4,187 shares of the stock traded hands, compared to its average volume of 6,916. The firm has a market capitalization of $30.67 million, a price-to-earnings ratio of 24.50 and a beta of 2.09. The company’s 50 day moving average is $53.79 and its 200-day moving average is $51.34. ProShares Ultra Industrials has a 1-year low of $39.21 and a 1-year high of $61.10.

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.