ProShares Ultra Materials (NYSEARCA:UYM) Stock Short Interest Report for October

ProShares Ultra Materials (NYSEARCA:UYM) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,770 shares, a drop of 67.2% from the September 30th total of 8,458 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,982 shares, the days-to-cover ratio is currently 0.6 days.

ProShares Ultra Materials Stock Performance

Shares of NYSEARCA UYM traded up $0.34 during midday trading on Friday, reaching $31.31. 2,407 shares of the company traded hands, compared to its average volume of 14,756. ProShares Ultra Materials has a 12 month low of $21.34 and a 12 month high of $34.54. The stock’s 50-day simple moving average is $29.41 and its 200-day simple moving average is $30.08. The firm has a market cap of $39.45 million, a PE ratio of 22.90 and a beta of 1.88.

Institutional Trading of ProShares Ultra Materials

A hedge fund recently bought a new stake in ProShares Ultra Materials stock. Toth Financial Advisory Corp purchased a new position in shares of ProShares Ultra Materials (NYSEARCA:UYM) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,200 shares of the company’s stock, valued at approximately $32,000. Toth Financial Advisory Corp owned approximately 0.10% of ProShares Ultra Materials as of its most recent SEC filing.

ProShares Ultra Materials Company Profile

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.