ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Up 310.3% in June

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 16,229 shares, an increase of 310.3% from the June 15th total of 3,955 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 9,122 shares, the short-interest ratio is presently 1.8 days.

ProShares Ultra Industrials Trading Down 0.2%

UXI stock traded down $0.10 during mid-day trading on Tuesday, reaching $59.82. 1,721 shares of the stock traded hands, compared to its average volume of 6,461. ProShares Ultra Industrials has a 52-week low of $41.72 and a 52-week high of $64.95. The stock’s fifty day moving average is $58.13 and its 200-day moving average is $55.10. The company has a market cap of $31.11 million, a P/E ratio of 24.50 and a beta of 2.02.

Institutional Investors Weigh In On ProShares Ultra Industrials

A hedge fund recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC increased its position in ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the first quarter, according to its most recent 13F filing with the SEC. 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 about 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent reporting period.

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.