Short Interest in ProShares Ultra Industrials (NYSEARCA:UXI) Decreases By 88.5%

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant 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. Based on an average daily volume of 7,057 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC grew its holdings in ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent reporting period.

ProShares Ultra Industrials Price Performance

Shares of NYSEARCA UXI traded up $0.09 during midday trading on Friday, reaching $61.01. 3,770 shares of the stock were exchanged, compared to its average volume of 6,248. The business has a 50-day simple moving average of $58.71 and a two-hundred day simple moving average of $55.83. The company has a market capitalization of $31.73 million, a price-to-earnings 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.

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.