ProShares Ultra Utilities (NYSEARCA:UPW) Shares Shorted: Short Interest Down 42.1% in October

ProShares Ultra Utilities (NYSEARCA:UPW) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 9,935 shares, a decrease of 42.1% from the September 30th total of 17,146 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average trading volume of 22,855 shares, the short-interest ratio is presently 0.4 days.

ProShares Ultra Utilities Stock Performance

NYSEARCA UPW traded up $0.31 during trading on Friday, reaching $21.50. 18,291 shares of the company’s stock were exchanged, compared to its average volume of 21,258. ProShares Ultra Utilities has a 1 year low of $17.57 and a 1 year high of $26.80. The stock has a market cap of $12.90 million, a P/E ratio of 21.21 and a beta of 1.11. The company has a 50 day moving average price of $20.00 and a two-hundred day moving average price of $22.85.

Hedge Funds Weigh In On ProShares Ultra Utilities

An institutional investor recently raised its stake in ProShares Ultra Utilities stock. IMC Chicago LLC lifted its position in shares of ProShares Ultra Utilities (NYSEARCA:UPW) by 13.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,657 shares of the company’s stock after buying an additional 3,895 shares during the period. IMC Chicago LLC owned approximately 3.47% of ProShares Ultra Utilities worth $834,000 as of its most recent SEC filing.

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.