ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Down 35.6% in May

ProShares Ultra Industrials (NYSEARCA:UXI) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,356 shares, a drop of 35.6% from the May 14th total of 2,104 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,689 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Ultra Industrials Price Performance

ProShares Ultra Industrials stock traded up $0.83 during mid-day trading on Wednesday, hitting $60.85. The company’s stock had a trading volume of 3,890 shares, compared to its average volume of 6,114. The stock has a market cap of $34.08 million, a price-to-earnings ratio of 24.50 and a beta of 2.05. The business has a 50 day moving average price of $55.79 and a 200-day moving average price of $53.07. ProShares Ultra Industrials has a 12 month low of $39.97 and a 12 month high of $61.10.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its stake in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.