ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Up 138.4% in January

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 5,316 shares, a growth of 138.4% from the January 15th total of 2,230 shares. Based on an average daily trading volume, of 8,242 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the company’s shares are short sold. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 8,242 shares, the short-interest ratio is presently 0.6 days.

ProShares Ultra Industrials Stock Performance

ProShares Ultra Industrials stock traded up $0.81 during trading on Friday, reaching $57.68. 7,944 shares of the company’s stock were exchanged, compared to its average volume of 9,181. ProShares Ultra Industrials has a 52-week low of $24.87 and a 52-week high of $60.08. The company’s 50-day moving average is $50.61 and its two-hundred day moving average is $47.12. The firm has a market cap of $33.45 million, a price-to-earnings ratio of 24.50 and a beta of 2.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Industrials stock. Envestnet Asset Management Inc. bought a new position in ProShares Ultra Industrials (NYSEARCA:UXI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,272 shares of the company’s stock, valued at approximately $443,000. Envestnet Asset Management Inc. owned about 1.83% of ProShares Ultra Industrials as of its most recent filing with the Securities and Exchange Commission.

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.