ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Up 141.0% in April

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,607 shares, a growth of 141.0% from the April 15th total of 2,741 shares. Based on an average daily trading volume, of 6,051 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company’s shares are sold short.

ProShares Ultra Industrials Stock Down 3.4%

Shares of UXI traded down $1.91 during mid-day trading on Friday, hitting $54.82. 3,748 shares of the company’s stock traded hands, compared to its average volume of 6,908. ProShares Ultra Industrials has a 1 year low of $39.21 and a 1 year high of $61.10. The firm has a market capitalization of $30.70 million, a P/E ratio of 24.50 and a beta of 2.09. The business’s 50-day moving average price is $53.87 and its 200-day moving average price is $51.32.

Hedge Funds Weigh In On ProShares Ultra Industrials

An institutional investor recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC grew its holdings in shares of ProShares Ultra Industrials (NYSEARCA:UXI) by 52.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,954 shares of the company’s stock after buying an additional 12,731 shares during the period. IMC Chicago LLC owned 6.60% of ProShares Ultra Industrials worth $1,717,000 as of its most recent SEC filing.

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.