ProShares Ultra Industrials (NYSEARCA:UXI) Short Interest Up 191.7% in June

ProShares Ultra Industrials (NYSEARCA:UXI) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 3,955 shares, an increase of 191.7% from the May 31st total of 1,356 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,802 shares, the days-to-cover ratio is currently 2.2 days.

ProShares Ultra Industrials Price Performance

NYSEARCA UXI traded up $0.94 on Monday, reaching $61.79. 7,142 shares of the company’s stock traded hands, compared to its average volume of 6,412. The stock has a market cap of $34.60 million, a PE ratio of 24.50 and a beta of 2.05. ProShares Ultra Industrials has a 12 month low of $41.49 and a 12 month high of $64.95. The stock has a 50-day simple moving average of $56.78 and a 200 day simple moving average of $53.93.

Hedge Funds Weigh In On ProShares Ultra Industrials

A hedge fund recently raised its position in ProShares Ultra Industrials stock. IMC Chicago LLC boosted its stake in ProShares Ultra Industrials (NYSEARCA:UXI) by 68.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,987 shares of the company’s stock after purchasing an additional 19,898 shares during the period. IMC Chicago LLC owned about 8.75% of ProShares Ultra Industrials worth $2,418,000 at the end of the most recent reporting period.

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.