ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 1,068 shares, a drop of 59.0% from the February 26th total of 2,607 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 8,291 shares, the short-interest ratio is currently 0.1 days.

ProShares Ultra Industrials Stock Performance

Shares of NYSEARCA UXI traded down $1.23 during midday trading on Friday, reaching $47.99. 10,238 shares of the company’s stock were exchanged, compared to its average volume of 7,916. ProShares Ultra Industrials has a 52-week low of $24.87 and a 52-week high of $61.10. The business’s fifty day moving average price is $54.68 and its two-hundred day moving average price is $49.21. The stock has a market capitalization of $27.83 million, a PE ratio of 24.50 and a beta of 2.23.

ProShares Ultra Industrials Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.0501 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.20 annualized dividend and a yield of 0.4%.

Hedge Funds Weigh In On ProShares Ultra Industrials

A hedge fund recently bought a new stake in ProShares Ultra Industrials stock. Envestnet Asset Management Inc. purchased a new position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,272 shares of the company’s stock, valued at approximately $443,000. Envestnet Asset Management Inc. owned approximately 1.83% of ProShares Ultra Industrials at the end of the most recent quarter.

About ProShares Ultra Industrials

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.