ProShares Ultra Industrials (NYSEARCA:UXI) Sees Large Growth in Short Interest

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,607 shares, a growth of 141.0% from the April 15th total of 2,741 shares. Based on an average daily trading volume, of 6,051 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Ultra Industrials

A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC increased its position in ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,987 shares of the company’s stock after purchasing an additional 19,898 shares during the period. IMC Chicago LLC owned 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent reporting period.

ProShares Ultra Industrials Price Performance

UXI stock traded down $1.91 during midday trading on Friday, hitting $54.82. The stock had a trading volume of 3,748 shares, compared to its average volume of 6,908. The firm has a market cap of $30.70 million, a price-to-earnings ratio of 24.50 and a beta of 2.09. The business has a 50-day moving average of $53.87 and a two-hundred day moving average of $51.32. ProShares Ultra Industrials has a 52-week low of $39.21 and a 52-week high of $61.10.

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.