Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Declines By 80.7%

ProShares Ultra Industrials (NYSEARCA:UXI) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,350 shares, a decrease of 80.7% from the August 15th total of 7,000 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 4,460 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC raised its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,987 shares of the company’s stock after purchasing an additional 19,898 shares during the period. IMC Chicago LLC owned 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.

ProShares Ultra Industrials Stock Up 2.4%

NYSEARCA UXI traded up $1.28 during trading hours on Friday, reaching $54.20. 2,631 shares of the company were exchanged, compared to its average volume of 5,822. The stock has a market capitalization of $28.18 million, a P/E ratio of 24.50 and a beta of 2.02. ProShares Ultra Industrials has a 1 year low of $41.72 and a 1 year high of $64.95. The business’s 50 day simple moving average is $59.77 and its 200-day simple moving average is $57.17.

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.