ProShares Ultra Industrials (NYSEARCA:UXI) Sees Significant Drop in Short Interest

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,104 shares, a decrease of 68.2% from the April 30th total of 6,607 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 4,657 shares, the short-interest ratio is presently 0.5 days.

ProShares Ultra Industrials Price Performance

UXI opened at $55.75 on Monday. The business has a 50 day moving average price of $54.12 and a two-hundred day moving average price of $52.01. The company has a market cap of $31.22 million, a PE ratio of 24.50 and a beta of 2.09. ProShares Ultra Industrials has a 52 week low of $39.83 and a 52 week high of $61.10.

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 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,954 shares of the company’s stock after purchasing an additional 12,731 shares during the period. IMC Chicago LLC owned approximately 6.60% of ProShares Ultra Industrials worth $1,717,000 at the end of the most recent reporting period.

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.