Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Declines By 35.6%

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,356 shares, a decrease of 35.6% from the May 14th total of 2,104 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 3,689 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC increased its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,987 shares of the company’s stock after acquiring an additional 19,898 shares during the quarter. IMC Chicago LLC owned approximately 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent filing with the SEC.

ProShares Ultra Industrials Stock Performance

NYSEARCA UXI traded up $1.37 during mid-day trading on Tuesday, reaching $60.46. 3,328 shares of the stock were exchanged, compared to its average volume of 6,129. ProShares Ultra Industrials has a 1-year low of $39.97 and a 1-year high of $61.10. The business’s fifty day simple moving average is $55.60 and its 200 day simple moving average is $52.97. The stock has a market capitalization of $33.86 million, a PE ratio of 24.50 and a beta of 2.05.

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.