ProShares Ultra Industrials (NYSEARCA:UXI) Stock Price Cross Above 50 Day Moving Average – Here’s Why

ProShares Ultra Industrials (NYSEARCA:UXI) shares crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $52.81 and traded as high as $53.56. ProShares Ultra Industrials shares last traded at $53.10, with a volume of 3,086 shares changing hands.

ProShares Ultra Industrials Price Performance

The stock has a market capitalization of $26.55 million, a PE ratio of 24.50 and a beta of 2.03. The business’s fifty day moving average price is $52.81 and its 200-day moving average price is $55.87.

Institutional Inflows and Outflows

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

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.