ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Down 43.2% in July
by Tristan Rich · The Markets DailyProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,064 shares, a drop of 43.2% from the July 15th total of 1,872 shares. Based on an average daily volume of 3,106 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.
Institutional Trading of ProShares Ultra Industrials
A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its stake in ProShares Ultra Industrials (NYSEARCA:UXI – Free Report) by 68.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,987 shares of the company’s stock after purchasing an additional 19,898 shares during the period. IMC Chicago LLC owned approximately 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent quarter.
ProShares Ultra Industrials Stock Performance
Shares of UXI traded down $1.84 during mid-day trading on Tuesday, reaching $61.83. The company had a trading volume of 752 shares, compared to its average volume of 6,120. The firm has a 50-day moving average price of $60.81 and a 200 day moving average price of $57.06. ProShares Ultra Industrials has a 52 week low of $41.72 and a 52 week high of $64.95. The company has a market capitalization of $32.15 million, a price-to-earnings ratio of 24.50 and a beta of 2.03.
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.