ProShares Ultra Utilities (NYSEARCA:UPW) Short Interest Update

by · The Cerbat Gem

ProShares Ultra Utilities (NYSEARCA:UPW – Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,467 shares, a decrease of 47.1% from the August 31st total of 6,560 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 27,591 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On ProShares Ultra Utilities

A hedge fund recently raised its position in ProShares Ultra Utilities stock. IMC Chicago LLC increased its position in ProShares Ultra Utilities (NYSEARCA:UPW – Free Report) by 13.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,657 shares of the company’s stock after buying an additional 3,895 shares during the period. IMC Chicago LLC owned 3.47% of ProShares Ultra Utilities worth $834,000 at the end of the most recent reporting period.

ProShares Ultra Utilities Trading Up 0.8%

NYSEARCA UPW traded up $0.15 on Thursday, reaching $18.05. The stock had a trading volume of 33,808 shares, compared to its average volume of 21,642. The business has a 50 day moving average price of $21.05 and a 200 day moving average price of $22.98. ProShares Ultra Utilities has a 1 year low of $17.57 and a 1 year high of $26.80. The company has a market capitalization of $10.83 million, a price-to-earnings ratio of 21.21 and a beta of 1.11.

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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