ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 6,607 shares, a growth of 141.0% from the April 15th total of 2,741 shares. Based on an average trading volume of 6,051 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.2% of the company’s shares are short sold.

ProShares Ultra Industrials Price Performance

UXI stock traded down $1.95 during trading on Friday, reaching $54.77. 4,187 shares of the stock traded hands, compared to its average volume of 6,916. The business’s 50 day moving average price is $53.79 and its 200-day moving average price is $51.34. ProShares Ultra Industrials has a 52-week low of $39.21 and a 52-week high of $61.10. The firm has a market capitalization of $30.67 million, a PE ratio of 24.50 and a beta of 2.09.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC raised its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,954 shares of the company’s stock after acquiring an additional 12,731 shares during the period. IMC Chicago LLC owned approximately 6.60% of ProShares Ultra Industrials worth $1,717,000 at the end of the most recent reporting period.

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.