ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update
by Scott Moore · The Cerbat GemProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,741 shares, an increase of 271.4% from the March 31st total of 738 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 5,502 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Investors Weigh In On ProShares Ultra Industrials
A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC increased its holdings in shares of ProShares Ultra Industrials (NYSEARCA:UXI – Free Report) by 52.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,954 shares of the company’s stock after acquiring an additional 12,731 shares during the quarter. IMC Chicago LLC owned approximately 6.60% of ProShares Ultra Industrials worth $1,717,000 at the end of the most recent quarter.
ProShares Ultra Industrials Trading Down 1.8%
UXI traded down $1.03 on Friday, hitting $55.84. 2,725 shares of the company’s stock were exchanged, compared to its average volume of 7,364. The firm has a market cap of $31.27 million, a PE ratio of 24.50 and a beta of 2.12. ProShares Ultra Industrials has a twelve month low of $32.99 and a twelve month high of $61.10. The stock has a fifty day moving average of $54.50 and a two-hundred day moving average of $50.38.
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.