ProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,064 shares, a decline of 43.2% from the July 15th total of 1,872 shares. Based on an average daily trading volume, of 3,106 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC increased its stake in ProShares Ultra Industrials (NYSEARCA:UXI – Free Report) by 68.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,987 shares of the company’s stock after acquiring an additional 19,898 shares during the period. IMC Chicago LLC owned approximately 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent reporting period.
ProShares Ultra Industrials Stock Down 0.2%
ProShares Ultra Industrials stock opened at $61.70 on Wednesday. The stock has a 50-day moving average price of $60.90 and a 200 day moving average price of $57.13. The company has a market capitalization of $32.09 million, a price-to-earnings ratio of 24.50 and a beta of 2.03. ProShares Ultra Industrials has a 52 week low of $41.72 and a 52 week high of $64.95.
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.
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