ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Down 90.3% in December

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 5,671 shares, a decrease of 90.3% from the November 30th total of 58,363 shares. Based on an average daily volume of 10,608 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 10,608 shares, the days-to-cover ratio is presently 0.5 days.

ProShares Ultra Industrials Trading Up 0.5%

UXI traded up $0.23 on Wednesday, hitting $47.84. 1,661 shares of the company’s stock were exchanged, compared to its average volume of 3,958. ProShares Ultra Industrials has a fifty-two week low of $24.87 and a fifty-two week high of $48.19. The stock has a market cap of $26.79 million, a price-to-earnings ratio of 24.50 and a beta of 2.23. The firm has a 50-day moving average price of $45.69 and a 200-day moving average price of $44.88.

Institutional Trading of ProShares Ultra Industrials

Large investors have recently bought and sold shares of the business. SteelPeak Wealth LLC acquired a new stake in ProShares Ultra Industrials in the 2nd quarter valued at about $207,000. Envestnet Asset Management Inc. acquired a new position in shares of ProShares Ultra Industrials during the 2nd quarter worth approximately $443,000. Finally, IMC Chicago LLC grew its position 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 valued at $1,717,000 after purchasing an additional 12,731 shares in the last quarter.

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.