ProShares Ultra Materials (NYSEARCA:UYM) Short Interest Down 63.8% in December

ProShares Ultra Materials (NYSEARCA:UYM) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 7,965 shares, a decrease of 63.8% from the November 30th total of 21,996 shares. Based on an average daily trading volume, of 22,606 shares, the short-interest ratio is presently 0.4 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 22,606 shares, the short-interest ratio is presently 0.4 days.

ProShares Ultra Materials Trading Up 0.1%

UYM traded up $0.02 on Friday, hitting $25.08. 3,961 shares of the company’s stock were exchanged, compared to its average volume of 10,710. The stock has a fifty day moving average of $23.24 and a two-hundred day moving average of $24.08. ProShares Ultra Materials has a twelve month low of $17.03 and a twelve month high of $26.36. The firm has a market cap of $34.36 million, a PE ratio of 22.90 and a beta of 2.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in ProShares Ultra Materials in the second quarter worth $57,000. EverSource Wealth Advisors LLC boosted its holdings in shares of ProShares Ultra Materials by 32.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,850 shares of the company’s stock valued at $44,000 after acquiring an additional 450 shares during the period. Allworth Financial LP bought a new position in shares of ProShares Ultra Materials during the second quarter worth about $66,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of ProShares Ultra Materials during the second quarter worth about $383,000.

About ProShares Ultra Materials

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.