ProShares Ultra Financials (NYSEARCA:UYG) Short Interest Update

ProShares Ultra Financials (NYSEARCA:UYG) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 64,508 shares, an increase of 29.9% from the January 29th total of 49,644 shares. Based on an average trading volume of 22,518 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 22,518 shares, the days-to-cover ratio is presently 2.9 days.

ProShares Ultra Financials Trading Up 0.1%

Shares of UYG stock traded up $0.09 during trading hours on Monday, hitting $79.44. The company’s stock had a trading volume of 4,260 shares, compared to its average volume of 17,678. The company has a 50 day moving average of $88.37 and a 200 day moving average of $93.57. The stock has a market cap of $701.46 million, a PE ratio of 17.45 and a beta of 2.02. ProShares Ultra Financials has a 12-month low of $63.09 and a 12-month high of $104.32.

Institutional Trading of ProShares Ultra Financials

Institutional investors have recently made changes to their positions in the company. WealthCare Asset Management LLC acquired a new stake in shares of ProShares Ultra Financials during the fourth quarter valued at about $2,740,000. Focus Partners Wealth increased its position in shares of ProShares Ultra Financials by 71.3% in the 4th quarter. Focus Partners Wealth now owns 24,179 shares of the company’s stock valued at $2,302,000 after purchasing an additional 10,063 shares during the last quarter. Arax Advisory Partners acquired a new stake in ProShares Ultra Financials in the fourth quarter valued at $192,000. Wealthspire Advisors LLC lifted its stake in ProShares Ultra Financials by 399,100.0% during the fourth quarter. Wealthspire Advisors LLC now owns 3,992 shares of the company’s stock worth $366,000 after purchasing an additional 3,991 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of ProShares Ultra Financials by 33.6% in the 4th quarter. LPL Financial LLC now owns 4,221 shares of the company’s stock valued at $387,000 after buying an additional 1,061 shares during the last quarter.

About ProShares Ultra Financials

ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.