ProShares Ultra Financials (NYSEARCA:UYG) Short Interest Update

ProShares Ultra Financials (NYSEARCA:UYG) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 31,964 shares, a drop of 36.5% from the July 15th total of 50,315 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 20,897 shares, the short-interest ratio is presently 1.5 days.

ProShares Ultra Financials Trading Up 1.1%

Shares of NYSEARCA UYG traded up $1.04 during mid-day trading on Tuesday, reaching $98.59. 8,872 shares of the company’s stock were exchanged, compared to its average volume of 16,976. ProShares Ultra Financials has a twelve month low of $68.43 and a twelve month high of $104.32. The firm has a market capitalization of $853.79 million, a price-to-earnings ratio of 17.45 and a beta of 1.75. The business has a fifty day simple moving average of $92.19 and a 200 day simple moving average of $83.68.

Institutional Trading of ProShares Ultra Financials

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of ProShares Ultra Financials by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 6,146 shares of the company’s stock worth $587,000 after purchasing an additional 126 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of ProShares Ultra Financials during the 2nd quarter worth approximately $215,000. Creative Planning boosted its holdings in shares of ProShares Ultra Financials by 16.0% in the 3rd quarter. Creative Planning now owns 4,296 shares of the company’s stock valued at $426,000 after buying an additional 593 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of ProShares Ultra Financials by 20.6% in the 3rd quarter. Focus Partners Wealth now owns 14,116 shares of the company’s stock valued at $1,401,000 after buying an additional 2,413 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of ProShares Ultra Financials in the third quarter valued at $82,000.

About ProShares Ultra Financials

ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.