ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Down 80.7% in August

ProShares Ultra Industrials (NYSEARCA:UXI) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,350 shares, a decrease of 80.7% from the August 15th total of 7,000 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 4,460 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of ProShares Ultra Industrials

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

ProShares Ultra Industrials Stock Up 2.4%

UXI traded up $1.28 during trading hours on Friday, hitting $54.20. The stock had a trading volume of 2,631 shares, compared to its average volume of 5,822. ProShares Ultra Industrials has a 1 year low of $41.72 and a 1 year high of $64.95. The company’s fifty day simple moving average is $59.77 and its 200 day simple moving average is $57.17. The stock has a market cap of $28.18 million, a PE ratio of 24.50 and a beta of 2.02.

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.