Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Grows By 37.1%

ProShares Ultra Industrials (NYSEARCA:UXI) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,230 shares, an increase of 37.1% from the December 31st total of 1,626 shares. Based on an average trading volume of 6,782 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 6,782 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On ProShares Ultra Industrials

Hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC grew its holdings in shares of ProShares Ultra Industrials by 52.6% in the third quarter. IMC Chicago LLC now owns 36,954 shares of the company’s stock worth $1,717,000 after acquiring an additional 12,731 shares during the period. Envestnet Asset Management Inc. purchased a new position in ProShares Ultra Industrials in the second quarter worth about $443,000. Finally, SteelPeak Wealth LLC bought a new stake in shares of ProShares Ultra Industrials during the 2nd quarter valued at about $207,000.

ProShares Ultra Industrials Stock Performance

Shares of UXI stock traded down $0.16 during mid-day trading on Friday, hitting $52.30. The company’s stock had a trading volume of 4,016 shares, compared to its average volume of 7,471. ProShares Ultra Industrials has a 52-week low of $24.87 and a 52-week high of $53.55. The business has a 50-day moving average price of $48.39 and a 200 day moving average price of $46.40. The stock has a market cap of $30.33 million, a price-to-earnings ratio of 24.50 and a beta of 2.23.

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.