ProShares Ultra Financials (NYSEARCA:UYG) Sees Large Decrease in Short Interest

ProShares Ultra Financials (NYSEARCA:UYG) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 49,644 shares, a decrease of 34.1% from the January 15th total of 75,387 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 15,543 shares, the short-interest ratio is currently 3.2 days. Based on an average trading volume of 15,543 shares, the short-interest ratio is currently 3.2 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares Ultra Financials

A number of large investors have recently modified their holdings of UYG. Wealthspire Advisors LLC lifted its stake in shares of ProShares Ultra Financials by 399,100.0% in the fourth quarter. Wealthspire Advisors LLC now owns 3,992 shares of the company’s stock worth $366,000 after buying an additional 3,991 shares in the last quarter. LPL Financial LLC boosted its stake in ProShares Ultra Financials by 33.6% during the fourth quarter. LPL Financial LLC now owns 4,221 shares of the company’s stock worth $387,000 after buying an additional 1,061 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of ProShares Ultra Financials in the 4th quarter worth $351,000. Bryn Mawr Trust Advisors LLC increased its position in ProShares Ultra Financials by 4.2% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 4,940 shares of the company’s stock worth $453,000 after purchasing an additional 199 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in ProShares Ultra Financials by 103.2% in the 4th quarter. Truist Financial Corp now owns 7,314 shares of the company’s stock valued at $671,000 after purchasing an additional 3,714 shares during the last quarter.

ProShares Ultra Financials Trading Down 0.2%

UYG stock opened at $80.53 on Monday. The business’s 50-day moving average is $92.08 and its 200 day moving average is $94.41. ProShares Ultra Financials has a 12-month low of $63.09 and a 12-month high of $104.32. The stock has a market cap of $711.08 million, a price-to-earnings ratio of 17.45 and a beta of 2.02.

About ProShares Ultra Financials

ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.