Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Decreases By 71.3%

ProShares Ultra Industrials (NYSEARCA:UXIGet Free Report) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,626 shares, a decline of 71.3% from the December 15th total of 5,671 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 6,410 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 6,410 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. SteelPeak Wealth LLC purchased a new position in ProShares Ultra Industrials during the second quarter worth about $207,000. Envestnet Asset Management Inc. bought a new position in shares of ProShares Ultra Industrials during the 2nd quarter worth approximately $443,000. Finally, IMC Chicago LLC lifted its position in shares of ProShares Ultra Industrials by 52.6% during the 3rd quarter. IMC Chicago LLC now owns 36,954 shares of the company’s stock worth $1,717,000 after buying an additional 12,731 shares in the last quarter.

ProShares Ultra Industrials Stock Up 2.0%

NYSEARCA UXI traded up $1.01 on Thursday, reaching $52.68. The company had a trading volume of 3,412 shares, compared to its average volume of 6,741. The company’s fifty day moving average is $46.67 and its 200 day moving average is $45.76. ProShares Ultra Industrials has a 52-week low of $24.87 and a 52-week high of $52.74. The stock has a market capitalization of $30.55 million, a P/E ratio of 24.50 and a beta of 2.23.

About ProShares Ultra Industrials

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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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