Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Decreases By 73.3%

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 2,607 shares, a drop of 73.3% from the February 12th total of 9,782 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 8,356 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 8,356 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its holdings in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 36,954 shares of the company’s stock after acquiring an additional 12,731 shares during the period. IMC Chicago LLC owned 6.60% of ProShares Ultra Industrials worth $1,717,000 as of its most recent filing with the SEC.

ProShares Ultra Industrials Stock Performance

ProShares Ultra Industrials stock traded down $2.79 during trading hours on Friday, reaching $51.55. 313 shares of the company’s stock traded hands, compared to its average volume of 8,794. The firm has a market capitalization of $29.90 million, a price-to-earnings ratio of 24.50 and a beta of 2.23. ProShares Ultra Industrials has a fifty-two week low of $24.87 and a fifty-two week high of $61.10. The firm’s 50 day moving average is $54.65 and its 200-day moving average is $48.78.

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.