Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Declines By 30.9%

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 738 shares, a decrease of 30.9% from the March 15th total of 1,068 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,347 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its holdings in ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,954 shares of the company’s stock after acquiring an additional 12,731 shares during the quarter. IMC Chicago LLC owned 6.60% of ProShares Ultra Industrials worth $1,717,000 at the end of the most recent quarter.

ProShares Ultra Industrials Trading Down 2.6%

UXI stock traded down $1.45 during midday trading on Wednesday, hitting $55.13. The company’s stock had a trading volume of 7,322 shares, compared to its average volume of 7,408. The company has a market cap of $30.87 million, a PE ratio of 24.50 and a beta of 2.12. ProShares Ultra Industrials has a 12 month low of $29.84 and a 12 month high of $61.10. The firm’s 50-day moving average is $54.66 and its 200-day moving average is $49.88.

ProShares Ultra Industrials Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were given a $0.0501 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.20 annualized dividend and a yield of 0.4%.

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.