ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 16,229 shares, an increase of 310.3% from the June 15th total of 3,955 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average trading volume of 9,122 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,987 shares of the company’s stock after buying 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 reporting period.

ProShares Ultra Industrials Price Performance

NYSEARCA:UXI traded up $0.81 during trading hours on Friday, reaching $61.28. The company had a trading volume of 1,547 shares, compared to its average volume of 6,380. ProShares Ultra Industrials has a 1-year low of $41.72 and a 1-year high of $64.95. The firm has a market cap of $31.87 million, a PE ratio of 24.50 and a beta of 2.02. The business’s 50 day moving average price is $58.07 and its 200-day moving average price is $55.01.

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.