ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Update

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 2,607 shares, a drop of 73.3% from the February 12th total of 9,782 shares. Based on an average daily trading volume, of 8,356 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 8,356 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Ultra Industrials Stock Performance

UXI traded down $2.66 during trading on Thursday, reaching $51.68. 2,046 shares of the stock were exchanged, compared to its average volume of 8,795. The stock’s 50 day moving average price is $54.55 and its two-hundred day moving average price is $48.76. ProShares Ultra Industrials has a twelve month low of $24.87 and a twelve month high of $61.10. The stock has a market cap of $29.97 million, a P/E ratio of 24.50 and a beta of 2.23.

Institutional Investors Weigh In On ProShares Ultra Industrials

An institutional investor recently bought a new position in ProShares Ultra Industrials stock. Envestnet Asset Management Inc. bought a new stake in ProShares Ultra Industrials (NYSEARCA:UXI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,272 shares of the company’s stock, valued at approximately $443,000. Envestnet Asset Management Inc. owned about 1.83% of ProShares Ultra Industrials as of its most recent filing with the Securities and Exchange Commission.

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.