ProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,104 shares, a drop of 68.2% from the April 30th total of 6,607 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 4,657 shares, the short-interest ratio is presently 0.5 days.
ProShares Ultra Industrials Price Performance
UXI traded down $0.44 during mid-day trading on Friday, hitting $55.75. The stock had a trading volume of 1,158 shares, compared to its average volume of 6,628. The stock’s fifty day simple moving average is $54.12 and its 200-day simple moving average is $52.01. ProShares Ultra Industrials has a 1-year low of $39.83 and a 1-year high of $61.10. The firm has a market capitalization of $31.22 million, a price-to-earnings ratio of 24.50 and a beta of 2.09.
Institutional Investors Weigh In On ProShares Ultra Industrials
An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC lifted its stake in shares of ProShares Ultra Industrials (NYSEARCA:UXI – Free Report) by 52.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,954 shares of the company’s stock after acquiring an additional 12,731 shares during the period. IMC Chicago LLC owned approximately 6.60% of ProShares Ultra Industrials worth $1,717,000 at the end of the most recent quarter.
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.
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