ProShares Ultra Materials (NYSEARCA:UYM – Get Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 2,753 shares, a decrease of 34.6% from the June 30th total of 4,208 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 9,156 shares, the short-interest ratio is currently 0.3 days.
ProShares Ultra Materials Stock Performance
Shares of UYM stock traded down $1.62 on Friday, reaching $28.83. 1,579 shares of the company’s stock traded hands, compared to its average volume of 16,577. ProShares Ultra Materials has a 12-month low of $21.34 and a 12-month high of $34.54. The company has a market capitalization of $36.90 million, a P/E ratio of 22.90 and a beta of 1.87. The business’s 50 day moving average price is $30.05 and its two-hundred day moving average price is $30.21.
Institutional Investors Weigh In On ProShares Ultra Materials
Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in ProShares Ultra Materials by 32.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,850 shares of the company’s stock valued at $44,000 after acquiring an additional 450 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of ProShares Ultra Materials in the 4th quarter valued at about $44,000. Finally, Bank of America Corp DE purchased a new stake in shares of ProShares Ultra Materials in the second quarter worth approximately $57,000.
ProShares Ultra Materials Company Profile
ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.
Further Reading
- Five stocks we like better than ProShares Ultra Materials
- Generac’s AI Power Story Is Becoming Bigger Than the Weather
- Everyone’s Focused on China—But That’s Not ASML’s Biggest Risk
- Chipotle Mexican Grill Stock Rallies as Q2 Results Top Fears, Guidance Rises
- L3Harris’ Record Backlog Makes Its Stock Sell-Off Look Overdone
Receive News & Ratings for ProShares Ultra Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Materials and related companies with MarketBeat.com's FREE daily email newsletter.
