ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Up 42.9% in October

ProShares Ultra Industrials (NYSEARCA:UXI) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,000 shares, a growth of 42.9% from the September 30th total of 700 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of ProShares Ultra Industrials

An institutional investor recently bought a new position in ProShares Ultra Industrials stock. SteelPeak Wealth LLC purchased a new position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,800 shares of the company’s stock, valued at approximately $207,000. SteelPeak Wealth LLC owned about 0.86% of ProShares Ultra Industrials at the end of the most recent reporting period.

ProShares Ultra Industrials Stock Performance

NYSEARCA UXI traded down $0.46 during trading on Monday, reaching $46.24. 2,120 shares of the company’s stock were exchanged, compared to its average volume of 3,451. The stock has a market cap of $25.89 million, a P/E ratio of 24.50 and a beta of 2.23. The company has a 50 day moving average price of $45.57 and a two-hundred day moving average price of $42.77. ProShares Ultra Industrials has a 1 year low of $24.87 and a 1 year high of $47.53.

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.