ProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 7,000 shares, an increase of 557.9% from the July 30th total of 1,064 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 4,995 shares, the days-to-cover ratio is currently 1.4 days.
ProShares Ultra Industrials Stock Performance
Shares of NYSEARCA UXI opened at $58.27 on Wednesday. The business’s 50-day simple moving average is $61.08 and its 200-day simple moving average is $57.33. ProShares Ultra Industrials has a 52 week low of $41.72 and a 52 week high of $64.95. The firm has a market cap of $30.30 million, a price-to-earnings ratio of 24.50 and a beta of 2.03.
Hedge Funds Weigh In On ProShares Ultra Industrials
An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC lifted its position in ProShares Ultra Industrials (NYSEARCA:UXI – Free Report) by 68.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,987 shares of the company’s stock after buying an additional 19,898 shares during the quarter. IMC Chicago LLC owned about 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.
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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