ProShares Ultra Utilities (NYSEARCA:UPW) Stock Short Interest Report for September

by · The Cerbat Gem

ProShares Ultra Utilities (NYSEARCA:UPW – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 17,146 shares, an increase of 394.5% from the September 15th total of 3,467 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 21,995 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ProShares Ultra Utilities stock. IMC Chicago LLC increased its position in shares of ProShares Ultra Utilities (NYSEARCA:UPW – Free Report) by 13.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,657 shares of the company’s stock after acquiring an additional 3,895 shares during the quarter. IMC Chicago LLC owned about 3.47% of ProShares Ultra Utilities worth $834,000 as of its most recent SEC filing.

ProShares Ultra Utilities Trading Up 1.6%

Shares of NYSEARCA:UPW traded up $0.31 during midday trading on Friday, hitting $19.60. The company had a trading volume of 19,044 shares, compared to its average volume of 21,560. ProShares Ultra Utilities has a 12 month low of $17.57 and a 12 month high of $26.80. The stock has a market cap of $12.15 million, a price-to-earnings ratio of 21.21 and a beta of 1.11. The firm has a fifty day simple moving average of $20.50 and a 200 day simple moving average of $22.74.

About ProShares Ultra Utilities

(Get Free Report)

ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.

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