ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Down 59.0% in March

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,068 shares, a decline of 59.0% from the February 26th total of 2,607 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 8,291 shares, the short-interest ratio is presently 0.1 days.

ProShares Ultra Industrials Stock Performance

Shares of NYSEARCA UXI opened at $47.99 on Friday. ProShares Ultra Industrials has a 1 year low of $24.87 and a 1 year high of $61.10. The firm has a market cap of $27.83 million, a P/E ratio of 24.50 and a beta of 2.23. The stock has a fifty day moving average price of $54.68 and a two-hundred day moving average price of $49.21.

ProShares Ultra Industrials Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be paid a dividend of $0.0501 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.20 annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC grew its holdings in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,954 shares of the company’s stock after purchasing an additional 12,731 shares during the period. IMC Chicago LLC owned approximately 6.60% of ProShares Ultra Industrials worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.

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.