ProShares Ultra Financials (NYSEARCA:UYG) Short Interest Update

ProShares Ultra Financials (NYSEARCA:UYG) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 75,387 shares, a decrease of 23.5% from the December 31st total of 98,564 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,969 shares, the short-interest ratio is presently 4.0 days. Based on an average daily trading volume, of 18,969 shares, the short-interest ratio is presently 4.0 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. bought a new position in ProShares Ultra Financials during the third quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its stake in ProShares Ultra Financials by 26.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 760 shares of the company’s stock worth $73,000 after acquiring an additional 160 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Financials during the 3rd quarter valued at $82,000. Flagship Harbor Advisors LLC purchased a new stake in ProShares Ultra Financials in the fourth quarter worth about $96,000. Finally, MAI Capital Management raised its stake in ProShares Ultra Financials by 19.9% in the third quarter. MAI Capital Management now owns 1,055 shares of the company’s stock worth $105,000 after buying an additional 175 shares in the last quarter.

ProShares Ultra Financials Price Performance

NYSEARCA UYG traded down $0.22 on Friday, reaching $86.69. 5,025 shares of the company’s stock traded hands, compared to its average volume of 17,206. ProShares Ultra Financials has a 12 month low of $63.09 and a 12 month high of $104.32. The stock has a 50-day simple moving average of $93.89 and a 200 day simple moving average of $95.16. The stock has a market cap of $765.47 million, a PE ratio of 17.45 and a beta of 2.02.

About ProShares Ultra Financials

ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.