ProShares Ultra Materials (NYSEARCA:UYM) Short Interest Update

ProShares Ultra Materials (NYSEARCA:UYM) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 14,769 shares, an increase of 90.8% from the December 31st total of 7,740 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 26,024 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 26,024 shares, the short-interest ratio is currently 0.6 days. Approximately 1.1% of the shares of the company are short sold.

ProShares Ultra Materials Stock Down 3.0%

UYM traded down $0.89 during midday trading on Friday, reaching $28.73. 59,624 shares of the company’s stock were exchanged, compared to its average volume of 24,821. ProShares Ultra Materials has a one year low of $17.03 and a one year high of $30.34. The business has a 50-day simple moving average of $25.70 and a two-hundred day simple moving average of $24.63. The firm has a market capitalization of $40.80 million, a price-to-earnings ratio of 22.90 and a beta of 2.13.

Institutional Trading of ProShares Ultra Materials

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP bought a new position in ProShares Ultra Materials in the second quarter valued at approximately $66,000. Envestnet Asset Management Inc. bought a new stake in shares of ProShares Ultra Materials in the 2nd quarter valued at about $383,000. Bank of America Corp DE acquired a new position in ProShares Ultra Materials in the second quarter valued at approximately $57,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of ProShares Ultra Materials by 32.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,850 shares of the company’s stock worth $44,000 after purchasing an additional 450 shares in the last quarter.

ProShares Ultra Materials Company Profile

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.