Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Rises By 310.3%

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 16,229 shares, an increase of 310.3% from the June 15th total of 3,955 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily volume of 9,122 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of ProShares Ultra Industrials

A hedge fund recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC grew its stake in ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the first quarter, according to its most recent 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 quarter. IMC Chicago LLC owned about 8.75% of ProShares Ultra Industrials worth $2,418,000 as of its most recent SEC filing.

ProShares Ultra Industrials Stock Performance

Shares of UXI stock traded up $0.81 during trading hours on Friday, reaching $61.28. The company had a trading volume of 1,547 shares, compared to its average volume of 6,380. ProShares Ultra Industrials has a 12-month low of $41.72 and a 12-month high of $64.95. The company has a market capitalization of $31.87 million, a price-to-earnings ratio of 24.50 and a beta of 2.02. The stock has a fifty day moving average of $58.07 and a 200-day moving average of $55.01.

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.