ProShares Ultra Industrials (NYSEARCA:UXI) Stock Short Interest Declines 62.9%

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 501 shares, a drop of 62.9% from the August 31st total of 1,350 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,985 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC increased its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,987 shares of the company’s stock after buying an additional 19,898 shares during the period. IMC Chicago LLC owned 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent filing with the SEC.

ProShares Ultra Industrials Stock Up 1.7%

Shares of UXI stock traded up $0.91 on Friday, hitting $52.96. The company had a trading volume of 767 shares, compared to its average volume of 5,587. ProShares Ultra Industrials has a twelve month low of $41.72 and a twelve month high of $64.95. The firm has a market cap of $26.48 million, a P/E ratio of 24.50 and a beta of 2.02. The company has a 50-day moving average price of $57.96 and a 200-day moving average price of $56.74.

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.