ProShares Ultra Materials (NYSEARCA:UYM – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 8,458 shares, a growth of 152.0% from the September 15th total of 3,356 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 6,753 shares, the short-interest ratio is currently 1.3 days.
ProShares Ultra Materials Price Performance
Shares of NYSEARCA UYM traded up $0.29 during mid-day trading on Monday, reaching $27.85. 7,813 shares of the company traded hands, compared to its average volume of 15,524. 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 $35.09 million, a PE ratio of 22.90 and a beta of 1.88. The stock has a fifty day simple moving average of $29.93 and a 200-day simple moving average of $30.08.
Hedge Funds Weigh In On ProShares Ultra Materials
A hedge fund recently bought a new stake in ProShares Ultra Materials stock. Toth Financial Advisory Corp acquired 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 fund acquired 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 as of its most recent filing with the SEC.
About ProShares Ultra Materials
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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