ProShares Ultra Materials (NYSEARCA:UYM – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 8,458 shares, an increase of 152.0% from the September 15th total of 3,356 shares. Based on an average daily trading volume, of 6,753 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the company’s shares are sold short.
Institutional Trading of ProShares Ultra Materials
An institutional investor recently bought a new stake in ProShares Ultra Materials stock. Toth Financial Advisory Corp acquired a new stake in ProShares Ultra Materials (NYSEARCA:UYM – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,200 shares of the company’s stock, valued at approximately $32,000. Toth Financial Advisory Corp owned 0.10% of ProShares Ultra Materials at the end of the most recent reporting period.
ProShares Ultra Materials Stock Up 1.1%
Shares of ProShares Ultra Materials stock traded up $0.30 during trading hours on Tuesday, hitting $27.88. The company’s stock had a trading volume of 388 shares, compared to its average volume of 15,471. ProShares Ultra Materials has a 1-year low of $21.34 and a 1-year high of $34.54. The business has a fifty day moving average of $29.83 and a 200 day moving average of $30.08. The company has a market capitalization of $35.13 million, a PE ratio of 22.90 and a beta of 1.88.
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.
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