ProShares Ultra Materials (NYSEARCA:UYM) Stock Short Interest Rises 152.0%

ProShares Ultra Materials (NYSEARCA:UYM) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 8,458 shares, a growth of 152.0% from the September 15th total of 3,356 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 6,753 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of ProShares Ultra Materials

A hedge fund recently bought a new position in ProShares Ultra Materials stock. Toth Financial Advisory Corp acquired a new stake in shares of ProShares Ultra Materials (NYSEARCA:UYM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,200 shares of the company’s stock, valued at approximately $32,000. Toth Financial Advisory Corp owned 0.10% of ProShares Ultra Materials at the end of the most recent quarter.

ProShares Ultra Materials Stock Down 0.2%

UYM traded down $0.06 during midday trading on Wednesday, hitting $27.82. 3,383 shares of the company were exchanged, compared to its average volume of 15,410. ProShares Ultra Materials has a 1-year low of $21.34 and a 1-year high of $34.54. The firm’s 50 day moving average price is $29.83 and its 200-day moving average price is $30.08. The firm has a market capitalization of $35.05 million, a P/E ratio of 22.90 and a beta of 1.88.

About ProShares Ultra Materials

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.