ProShares Ultra Financials (NYSEARCA:UYG) Short Interest Update

ProShares Ultra Financials (NYSEARCA:UYG) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 64,708 shares, a decrease of 13.6% from the March 15th total of 74,919 shares. Based on an average daily volume of 14,785 shares, the short-interest ratio is currently 4.4 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UYG. Steigerwald Gordon & Koch Inc. acquired a new position in shares of ProShares Ultra Financials in the third quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Financials in the third quarter valued at approximately $82,000. Flagship Harbor Advisors LLC bought a new stake in ProShares Ultra Financials in the fourth quarter valued at approximately $96,000. MAI Capital Management boosted its holdings in ProShares Ultra Financials by 19.9% in the third quarter. MAI Capital Management now owns 1,055 shares of the company’s stock valued at $105,000 after acquiring an additional 175 shares during the last quarter. Finally, Arax Advisory Partners bought a new stake in ProShares Ultra Financials in the fourth quarter valued at approximately $192,000.

ProShares Ultra Financials Price Performance

Shares of ProShares Ultra Financials stock opened at $82.43 on Friday. ProShares Ultra Financials has a fifty-two week low of $68.43 and a fifty-two week high of $104.32. The firm has a fifty day moving average price of $77.42 and a two-hundred day moving average price of $88.01. The company has a market cap of $726.21 million, a PE ratio of 17.45 and a beta of 1.89.

ProShares Ultra Financials Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a dividend of $0.2048 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.82 annualized dividend and a yield of 1.0%.

ProShares Ultra Financials Company Profile

ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.