Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Declines By 71.3%

ProShares Ultra Industrials (NYSEARCA:UXI) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 1,626 shares, a drop of 71.3% from the December 15th total of 5,671 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 6,410 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 6,410 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of ProShares Ultra Industrials

A number of institutional investors and hedge funds have recently modified their holdings of UXI. IMC Chicago LLC raised its position in ProShares Ultra Industrials by 52.6% in the 3rd quarter. IMC Chicago LLC now owns 36,954 shares of the company’s stock worth $1,717,000 after buying an additional 12,731 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in ProShares Ultra Industrials during the second quarter valued at approximately $443,000. Finally, SteelPeak Wealth LLC bought a new position in ProShares Ultra Industrials in the second quarter worth approximately $207,000.

ProShares Ultra Industrials Price Performance

NYSEARCA:UXI traded up $0.50 during mid-day trading on Tuesday, hitting $51.59. 2,514 shares of the company’s stock were exchanged, compared to its average volume of 6,014. ProShares Ultra Industrials has a one year low of $24.87 and a one year high of $51.72. The business has a fifty day moving average price of $46.27 and a 200 day moving average price of $45.60. The company has a market cap of $29.92 million, a PE ratio of 24.50 and a beta of 2.23.

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.