ProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 849 shares, a growth of 69.5% from the September 15th total of 501 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 2,255 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Inflows and Outflows
A hedge fund recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC increased its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI – Free Report) by 68.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,987 shares of the company’s stock after acquiring an additional 19,898 shares during the period. IMC Chicago LLC owned about 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent reporting period.
ProShares Ultra Industrials Trading Down 0.6%
NYSEARCA:UXI traded down $0.30 on Friday, hitting $50.85. The company had a trading volume of 4,373 shares, compared to its average volume of 5,359. ProShares Ultra Industrials has a 52 week low of $41.72 and a 52 week high of $64.95. The stock has a market capitalization of $25.43 million, a price-to-earnings ratio of 24.50 and a beta of 2.02. The firm has a 50 day moving average of $55.49 and a two-hundred day moving average of $56.80.
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.
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