ProShares Ultra Industrials (NYSEARCA:UXI) Shares Shorted: Short Interest Down 62.9% in September

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 501 shares, a decrease of 62.9% from the August 31st total of 1,350 shares. Based on an average daily trading volume, of 1,985 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

ProShares Ultra Industrials Trading Up 0.7%

UXI stock traded up $0.37 during midday trading on Tuesday, hitting $52.21. The company had a trading volume of 3,694 shares, compared to its average volume of 5,576. The stock has a market cap of $26.10 million, a price-to-earnings ratio of 24.50 and a beta of 2.02. ProShares Ultra Industrials has a 52 week low of $41.72 and a 52 week high of $64.95. The stock’s 50 day moving average price is $57.82 and its 200 day moving average price is $56.73.

Hedge Funds Weigh In On ProShares Ultra Industrials

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

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.