ProShares Ultra Utilities (NYSEARCA:UPW) Short Interest Update

ProShares Ultra Utilities (NYSEARCA:UPW) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 11,027 shares, a growth of 37.3% from the January 15th total of 8,030 shares. Based on an average daily trading volume, of 8,797 shares, the short-interest ratio is currently 1.3 days. Approximately 1.8% of the company’s stock are short sold. Approximately 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 8,797 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On ProShares Ultra Utilities

Several institutional investors and hedge funds have recently made changes to their positions in UPW. Osaic Holdings Inc. increased its stake in shares of ProShares Ultra Utilities by 278.1% in the fourth quarter. Osaic Holdings Inc. now owns 27,977 shares of the company’s stock worth $608,000 after buying an additional 20,578 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Utilities in the 4th quarter valued at about $646,000. Envestnet Asset Management Inc. raised its stake in shares of ProShares Ultra Utilities by 199.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 25,635 shares of the company’s stock valued at $2,072,000 after purchasing an additional 17,073 shares in the last quarter. Finally, Freedom Investment Management Inc. bought a new position in shares of ProShares Ultra Utilities during the second quarter worth about $470,000.

ProShares Ultra Utilities Trading Down 0.3%

NYSEARCA:UPW traded down $0.09 on Tuesday, reaching $25.41. The stock had a trading volume of 11,171 shares, compared to its average volume of 19,813. ProShares Ultra Utilities has a 12-month low of $15.52 and a 12-month high of $26.20. The company has a 50-day moving average of $22.09 and a 200 day moving average of $22.63. The stock has a market cap of $16.01 million, a P/E ratio of 21.21 and a beta of 1.20.

ProShares Ultra Utilities Company Profile

ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.