ProShares Ultra Utilities (NYSEARCA:UPW – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,467 shares, a decrease of 47.1% from the August 31st total of 6,560 shares. Based on an average daily trading volume, of 27,591 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s stock are short sold.
Institutional Investors Weigh In On ProShares Ultra Utilities
An institutional investor recently raised its position in ProShares Ultra Utilities stock. IMC Chicago LLC grew its position in shares of ProShares Ultra Utilities (NYSEARCA:UPW – Free Report) by 13.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 33,657 shares of the company’s stock after purchasing an additional 3,895 shares during the quarter. IMC Chicago LLC owned 3.47% of ProShares Ultra Utilities worth $834,000 as of its most recent filing with the SEC.
ProShares Ultra Utilities Stock Performance
Shares of UPW stock traded down $0.24 during trading hours on Wednesday, reaching $17.90. The company had a trading volume of 36,825 shares, compared to its average volume of 21,577. The company has a market capitalization of $10.38 million, a P/E ratio of 21.21 and a beta of 1.12. ProShares Ultra Utilities has a twelve month low of $17.59 and a twelve month high of $26.80. The stock’s fifty day simple moving average is $21.32 and its 200 day simple moving average is $23.09.
ProShares Ultra Utilities Company Profile
ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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