Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Grows By 191.7%

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 3,955 shares, an increase of 191.7% from the May 31st total of 1,356 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 1,802 shares, the short-interest ratio is currently 2.2 days.

ProShares Ultra Industrials Trading Down 2.8%

Shares of ProShares Ultra Industrials stock traded down $1.78 during trading on Friday, reaching $60.85. The stock had a trading volume of 7,006 shares, compared to its average volume of 6,422. The company has a market capitalization of $34.08 million, a price-to-earnings ratio of 24.50 and a beta of 2.05. The stock has a fifty day moving average price of $56.78 and a two-hundred day moving average price of $53.87. ProShares Ultra Industrials has a 52 week low of $41.49 and a 52 week high of $64.19.

Hedge Funds Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC raised its holdings in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,987 shares of the company’s stock after acquiring an additional 19,898 shares during the quarter. IMC Chicago LLC owned approximately 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent reporting period.

ProShares Ultra Industrials Company Profile

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.