ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Down 88.5% in July

ProShares Ultra Industrials (NYSEARCA:UXI) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,872 shares, a decrease of 88.5% from the June 30th total of 16,229 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 7,057 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC grew its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,987 shares of the company’s stock after acquiring an additional 19,898 shares during the quarter. IMC Chicago LLC owned about 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent filing with the SEC.

ProShares Ultra Industrials Price Performance

Shares of NYSEARCA UXI traded up $0.09 during mid-day trading on Friday, hitting $61.01. The company had a trading volume of 3,770 shares, compared to its average volume of 6,248. The stock has a market cap of $31.73 million, a price-to-earnings ratio of 24.50 and a beta of 2.02. ProShares Ultra Industrials has a 12 month low of $41.72 and a 12 month high of $64.95. The firm’s 50 day simple moving average is $58.71 and its two-hundred day simple moving average is $55.83.

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.