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

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,064 shares, a decline of 43.2% from the July 15th total of 1,872 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 3,106 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC raised its position in ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 48,987 shares of the company’s stock after acquiring 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 reporting period.

ProShares Ultra Industrials Trading Up 0.1%

Shares of ProShares Ultra Industrials stock traded up $0.08 during trading hours on Monday, hitting $63.79. 13,670 shares of the company were exchanged, compared to its average volume of 6,127. The business has a 50-day moving average of $60.65 and a 200-day moving average of $56.98. ProShares Ultra Industrials has a 1 year low of $41.72 and a 1 year high of $64.95. The stock has a market capitalization of $33.17 million, a price-to-earnings ratio of 24.50 and a beta of 2.03.

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.