Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Declines By 68.2%

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,104 shares, a decline of 68.2% from the April 30th total of 6,607 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 4,657 shares, the short-interest ratio is currently 0.5 days.

ProShares Ultra Industrials Trading Down 0.8%

Shares of ProShares Ultra Industrials stock traded down $0.44 during mid-day trading on Friday, reaching $55.75. 1,158 shares of the stock were exchanged, compared to its average volume of 6,628. The company has a market cap of $31.22 million, a price-to-earnings ratio of 24.50 and a beta of 2.09. ProShares Ultra Industrials has a fifty-two week low of $39.83 and a fifty-two week high of $61.10. The firm has a 50-day simple moving average of $54.12 and a 200 day simple moving average of $51.97.

Institutional Trading of ProShares Ultra Industrials

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

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.