ProShares Ultra Industrials (NYSEARCA:UXI) Stock Short Interest Climbs 69.5%

ProShares Ultra Industrials (NYSEARCA:UXI) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 849 shares, an increase of 69.5% from the September 15th total of 501 shares. Based on an average daily volume of 2,255 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

ProShares Ultra Industrials Price Performance

Shares of UXI traded down $0.12 during mid-day trading on Friday, hitting $51.03. The company’s stock had a trading volume of 788 shares, compared to its average volume of 5,336. The stock has a market capitalization of $25.52 million, a price-to-earnings ratio of 24.50 and a beta of 2.02. ProShares Ultra Industrials has a fifty-two week low of $41.72 and a fifty-two week high of $64.95. The firm has a 50-day moving average price of $55.26 and a 200 day moving average price of $56.76.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC grew its stake in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,987 shares of the company’s stock after purchasing an additional 19,898 shares during the period. IMC Chicago LLC owned about 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent SEC filing.

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.