ProShares Ultra Industrials (NYSEARCA:UXI) Sees Significant Drop in Short Interest

ProShares Ultra Industrials (NYSEARCA:UXI) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,068 shares, a decline of 59.0% from the February 26th total of 2,607 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 8,291 shares, the short-interest ratio is currently 0.1 days.

ProShares Ultra Industrials Stock Performance

Shares of ProShares Ultra Industrials stock opened at $51.68 on Thursday. ProShares Ultra Industrials has a 1 year low of $24.87 and a 1 year high of $61.10. The firm’s 50-day simple moving average is $54.86 and its 200-day simple moving average is $49.19. The firm has a market cap of $29.97 million, a PE ratio of 24.50 and a beta of 2.23.

ProShares Ultra Industrials Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.0501 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.20 annualized dividend and a yield of 0.4%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Industrials stock. Envestnet Asset Management Inc. purchased a new stake in ProShares Ultra Industrials (NYSEARCA:UXI) in the second quarter, according to its most recent filing with the SEC. The fund purchased 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 at the end of the most recent quarter.

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.