ProShares Ultra Industrials (NYSEARCA:UXI) Sees Large Decrease in Short Interest

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,626 shares, a decline of 71.3% from the December 15th total of 5,671 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 6,410 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 6,410 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

ProShares Ultra Industrials Price Performance

ProShares Ultra Industrials stock traded up $1.01 during trading hours on Thursday, reaching $52.68. The company had a trading volume of 3,412 shares, compared to its average volume of 6,741. The firm has a market cap of $30.55 million, a price-to-earnings ratio of 24.50 and a beta of 2.23. ProShares Ultra Industrials has a 12-month low of $24.87 and a 12-month high of $52.74. The company has a 50-day moving average price of $46.67 and a 200 day moving average price of $45.76.

Institutional Investors Weigh In On ProShares Ultra Industrials

Large investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC purchased a new position in shares of ProShares Ultra Industrials during the 2nd quarter worth approximately $207,000. Envestnet Asset Management Inc. bought a new stake in shares of ProShares Ultra Industrials during the second quarter valued at approximately $443,000. Finally, IMC Chicago LLC grew its stake in ProShares Ultra Industrials by 52.6% in the third quarter. IMC Chicago LLC now owns 36,954 shares of the company’s stock worth $1,717,000 after purchasing an additional 12,731 shares during the period.

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.