Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Grows By 37.1%

ProShares Ultra Industrials (NYSEARCA:UXI) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,230 shares, an increase of 37.1% from the December 31st total of 1,626 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 6,782 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 6,782 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

ProShares Ultra Industrials Stock Down 0.3%

Shares of ProShares Ultra Industrials stock traded down $0.16 on Friday, reaching $52.30. The stock had a trading volume of 4,016 shares, compared to its average volume of 7,471. The company has a 50 day moving average price of $48.39 and a 200 day moving average price of $46.40. The stock has a market capitalization of $30.33 million, a P/E ratio of 24.50 and a beta of 2.23. ProShares Ultra Industrials has a 1 year low of $24.87 and a 1 year high of $53.55.

Institutional Trading of ProShares Ultra Industrials

A number of institutional investors and hedge funds have recently modified their holdings of UXI. SteelPeak Wealth LLC purchased a new position in shares of ProShares Ultra Industrials in the second quarter valued at approximately $207,000. Envestnet Asset Management Inc. acquired a new stake in ProShares Ultra Industrials during the second quarter worth about $443,000. Finally, IMC Chicago LLC increased its holdings in shares of ProShares Ultra Industrials by 52.6% during 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.

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.