ProShares Ultra Industrials (NYSEARCA:UXI) Stock Short Interest Climbs 69.5%

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 849 shares, an increase of 69.5% from the September 15th total of 501 shares. Based on an average daily volume of 2,255 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

ProShares Ultra Industrials Price Performance

ProShares Ultra Industrials stock traded down $0.01 during midday trading on Thursday, reaching $50.58. The company had a trading volume of 2,668 shares, compared to its average volume of 5,351. The company has a market capitalization of $25.29 million, a P/E ratio of 24.50 and a beta of 2.02. The firm’s fifty day simple moving average is $55.72 and its 200-day simple moving average is $56.78. ProShares Ultra Industrials has a 12-month low of $41.72 and a 12-month high of $64.95.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its stake in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% during the first quarter, according to its most recent Form 13F filing with the 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.

ProShares Ultra Industrials Company Profile

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.