ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Up 557.9% in August

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,000 shares, an increase of 557.9% from the July 30th total of 1,064 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 4,995 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On ProShares Ultra Industrials

A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC raised its holdings in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,987 shares of the company’s stock after purchasing an additional 19,898 shares during the period. IMC Chicago LLC owned about 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent SEC filing.

ProShares Ultra Industrials Stock Down 1.9%

NYSEARCA:UXI opened at $58.42 on Friday. The business’s 50 day moving average is $61.03 and its two-hundred day moving average is $57.38. ProShares Ultra Industrials has a 52 week low of $41.72 and a 52 week high of $64.95. The company has a market cap of $30.38 million, a PE ratio of 24.50 and a beta of 2.03.

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.