ProShares Ultra Industrials (NYSEARCA:UXI – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 1,872 shares, a decrease of 88.5% from the June 30th total of 16,229 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,057 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of ProShares Ultra Industrials
An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC raised its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI – Free Report) by 68.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,987 shares of the company’s stock after acquiring 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 filing with the Securities & Exchange Commission.
ProShares Ultra Industrials Trading Down 0.6%
Shares of NYSEARCA:UXI traded down $0.39 during trading on Monday, reaching $60.62. The company’s stock had a trading volume of 6,197 shares, compared to its average volume of 6,234. The stock has a market capitalization of $31.52 million, a PE ratio of 24.50 and a beta of 2.02. ProShares Ultra Industrials has a 12 month low of $41.72 and a 12 month high of $64.95. The firm’s 50 day simple moving average is $58.71 and its two-hundred day simple moving average is $55.87.
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.
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