ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Up 138.4% in January

ProShares Ultra Industrials (NYSEARCA:UXI) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 5,316 shares, a growth of 138.4% from the January 15th total of 2,230 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,242 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 8,242 shares, the short-interest ratio is currently 0.6 days. Currently, 0.9% of the shares of the stock are short sold.

ProShares Ultra Industrials Stock Performance

NYSEARCA:UXI traded down $1.33 during trading hours on Thursday, reaching $56.87. The stock had a trading volume of 17,583 shares, compared to its average volume of 9,227. The stock has a market capitalization of $32.98 million, a PE ratio of 24.50 and a beta of 2.23. ProShares Ultra Industrials has a 52 week low of $24.87 and a 52 week high of $60.08. The company has a 50 day moving average price of $50.16 and a two-hundred day moving average price of $46.98.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra Industrials stock. IMC Chicago LLC increased its stake in ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,954 shares of the company’s stock after acquiring an additional 12,731 shares during the period. IMC Chicago LLC owned approximately 6.60% of ProShares Ultra Industrials worth $1,717,000 as of its most recent SEC filing.

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.