ProShares Ultra Materials (NYSEARCA:UYM – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,770 shares, a drop of 67.2% from the September 30th total of 8,458 shares. Based on an average daily volume of 4,982 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.
ProShares Ultra Materials Price Performance
Shares of ProShares Ultra Materials stock traded up $0.78 during trading on Thursday, hitting $31.02. The stock had a trading volume of 3,718 shares, compared to its average volume of 14,802. The business has a fifty day moving average of $29.41 and a two-hundred day moving average of $30.05. ProShares Ultra Materials has a fifty-two week low of $21.34 and a fifty-two week high of $34.54. The firm has a market cap of $39.09 million, a P/E ratio of 22.90 and a beta of 1.88.
Hedge Funds Weigh In On ProShares Ultra Materials
An institutional investor recently bought a new stake in ProShares Ultra Materials stock. Toth Financial Advisory Corp purchased a new position in ProShares Ultra Materials (NYSEARCA:UYM – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,200 shares of the company’s stock, valued at approximately $32,000. Toth Financial Advisory Corp owned approximately 0.10% of ProShares Ultra Materials at the end of the most recent quarter.
ProShares Ultra Materials Company Profile
ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.
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