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

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,000 shares, a growth of 557.9% from the July 30th total of 1,064 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 4,995 shares, the days-to-cover ratio is presently 1.4 days.

ProShares Ultra Industrials Stock Performance

UXI stock opened at $58.27 on Wednesday. The stock has a market cap of $30.30 million, a P/E ratio of 24.50 and a beta of 2.03. The firm has a 50 day simple moving average of $61.08 and a 200 day simple moving average of $57.33. ProShares Ultra Industrials has a 52 week low of $41.72 and a 52 week high of $64.95.

Institutional Investors Weigh In On ProShares Ultra Industrials

A hedge fund recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its position in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 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.