ProShares Ultra Industrials (NYSEARCA:UXI) Sees Large Increase in Short Interest

ProShares Ultra Industrials (NYSEARCA:UXI) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 9,782 shares, a growth of 84.0% from the January 29th total of 5,316 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 12,651 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 12,651 shares, the short-interest ratio is presently 0.8 days. Approximately 1.7% of the company’s stock are short sold.

ProShares Ultra Industrials Stock Up 0.3%

Shares of UXI opened at $59.45 on Monday. The company has a market cap of $34.48 million, a P/E ratio of 24.50 and a beta of 2.23. ProShares Ultra Industrials has a fifty-two week low of $24.87 and a fifty-two week high of $60.08. The firm’s 50 day moving average price is $53.08 and its 200 day moving average price is $48.13.

Institutional Trading of ProShares Ultra Industrials

An institutional investor recently bought a new position in ProShares Ultra Industrials stock. Envestnet Asset Management Inc. purchased a new stake in ProShares Ultra Industrials (NYSEARCA:UXI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,272 shares of the company’s stock, valued at approximately $443,000. Envestnet Asset Management Inc. owned approximately 1.83% of ProShares Ultra Industrials at the end of the most recent reporting period.

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.