ProShares Ultra Materials (NYSEARCA:UYM) Sees Significant Drop in Short Interest

Posted by Amy Steele on Jun 13th, 2026

ProShares Ultra Materials (NYSEARCA:UYM – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 3,086 shares, a decline of 56.0% from the May 14th total of 7,013 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 9,593 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Ultra Materials Stock Performance

Shares of UYM traded up $1.13 during mid-day trading on Friday, reaching $31.31. The company had a trading volume of 19,794 shares, compared to its average volume of 19,082. The firm has a 50-day moving average price of $30.45 and a 200 day moving average price of $28.81. ProShares Ultra Materials has a 52 week low of $21.34 and a 52 week high of $34.54. The company has a market capitalization of $42.27 million, a price-to-earnings ratio of 22.90 and a beta of 1.86.

Institutional Trading of ProShares Ultra Materials

A number of hedge funds have recently made changes to their positions in UYM. EverSource Wealth Advisors LLC boosted its position in shares of ProShares Ultra Materials by 32.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,850 shares of the company’s stock worth $44,000 after purchasing an additional 450 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of ProShares Ultra Materials in the 2nd quarter worth approximately $57,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of ProShares Ultra Materials in the 4th quarter worth approximately $44,000.

ProShares Ultra Materials Company Profile

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ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.