ProShares Ultra Financials (NYSEARCA:UYG) Short Interest Up 178.2% in December
by Tristan Rich · The Markets DailyProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 98,564 shares, a growth of 178.2% from the December 15th total of 35,429 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 29,129 shares, the short-interest ratio is currently 3.4 days. Based on an average daily volume of 29,129 shares, the short-interest ratio is currently 3.4 days. Currently, 1.1% of the shares of the stock are short sold.
ProShares Ultra Financials Trading Down 3.7%
Shares of ProShares Ultra Financials stock opened at $89.59 on Wednesday. ProShares Ultra Financials has a twelve month low of $63.09 and a twelve month high of $104.32. The firm has a market capitalization of $791.08 million, a PE ratio of 17.45 and a beta of 2.02. The firm’s 50-day moving average price is $95.26 and its 200 day moving average price is $95.93.
Hedge Funds Weigh In On ProShares Ultra Financials
Institutional investors and hedge funds have recently bought and sold shares of the business. Steigerwald Gordon & Koch Inc. purchased a new stake in ProShares Ultra Financials in the 3rd quarter valued at $30,000. Farther Finance Advisors LLC raised its stake in shares of ProShares Ultra Financials by 26.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 760 shares of the company’s stock valued at $73,000 after acquiring an additional 160 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Ultra Financials in the 3rd quarter valued at approximately $82,000. MAI Capital Management raised its position 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 purchasing an additional 175 shares during the period. Finally, CWM LLC boosted its position in shares of ProShares Ultra Financials by 53.3% during the second quarter. CWM LLC now owns 1,380 shares of the company’s stock worth $132,000 after buying an additional 480 shares during the period.
About ProShares Ultra Financials
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.