ProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,000 shares, an increase of 557.9% from the July 30th total of 1,064 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 4,995 shares, the days-to-cover ratio is currently 1.4 days.
Hedge Funds Weigh In On ProShares Ultra Industrials
A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC lifted its holdings in ProShares Ultra Industrials (NYSEARCA:UXI – Free Report) by 68.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 48,987 shares of the company’s stock after acquiring an additional 19,898 shares during the quarter. IMC Chicago LLC owned 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent quarter.
ProShares Ultra Industrials Price Performance
UXI stock traded down $0.91 during mid-day trading on Thursday, hitting $58.67. 1,557 shares of the stock were exchanged, compared to its average volume of 5,981. The business has a fifty day moving average price of $61.08 and a 200 day moving average price of $57.37. ProShares Ultra Industrials has a 12 month low of $41.72 and a 12 month high of $64.95. The stock has a market capitalization of $30.51 million, a price-to-earnings ratio of 24.50 and a beta of 2.03.
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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