ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Down 35.6% in May

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,356 shares, a decline of 35.6% from the May 14th total of 2,104 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,689 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of ProShares Ultra Industrials

A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC grew its stake in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,987 shares of the company’s stock after purchasing an additional 19,898 shares during the quarter. IMC Chicago LLC owned approximately 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent quarter.

ProShares Ultra Industrials Trading Down 0.6%

Shares of UXI opened at $59.63 on Thursday. The firm has a market capitalization of $33.39 million, a P/E ratio of 24.50 and a beta of 2.05. ProShares Ultra Industrials has a 12-month low of $39.97 and a 12-month high of $61.36. The firm has a fifty day moving average price of $55.96 and a 200-day moving average price of $53.17.

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.