ProShares Ultra Industrials (NYSEARCA:UXI) Sees Large Drop in Short Interest
by Mitch Edgeman · The Markets DailyProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 5,671 shares, a decline of 90.3% from the November 30th total of 58,363 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 10,608 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 10,608 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.0% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of UXI. SteelPeak Wealth LLC acquired a new stake in shares of ProShares Ultra Industrials during the second quarter worth $207,000. Envestnet Asset Management Inc. purchased a new stake in shares of ProShares Ultra Industrials in the second quarter valued at about $443,000. Finally, IMC Chicago LLC raised its holdings in ProShares Ultra Industrials by 52.6% during the third quarter. IMC Chicago LLC now owns 36,954 shares of the company’s stock worth $1,717,000 after purchasing an additional 12,731 shares in the last quarter.
ProShares Ultra Industrials Price Performance
Shares of NYSEARCA:UXI traded down $0.23 on Friday, reaching $47.61. The company’s stock had a trading volume of 1,272 shares, compared to its average volume of 3,947. ProShares Ultra Industrials has a 52-week low of $24.87 and a 52-week high of $48.19. The stock has a market capitalization of $26.66 million, a P/E ratio of 24.50 and a beta of 2.23. The stock’s 50-day moving average is $45.81 and its two-hundred day moving average is $44.94.
ProShares Ultra Industrials Company Profile
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.