ProShares Ultra Utilities (NYSEARCA:UPW) Shares Shorted: Short Interest Up 394.5% in September

ProShares Ultra Utilities (NYSEARCA:UPW) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 17,146 shares, an increase of 394.5% from the September 15th total of 3,467 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 21,995 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On ProShares Ultra Utilities

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

ProShares Ultra Utilities Stock Performance

Shares of ProShares Ultra Utilities stock traded up $0.31 during trading on Friday, hitting $19.60. 19,044 shares of the stock were exchanged, compared to its average volume of 21,560. ProShares Ultra Utilities has a 12 month low of $17.57 and a 12 month high of $26.80. The stock’s fifty day moving average is $20.50 and its 200 day moving average is $22.73. The stock has a market cap of $12.15 million, a PE ratio of 21.21 and a beta of 1.11.

About ProShares Ultra Utilities

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.