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The ProShares Ultra Industrials fund is designed to deliver daily investment returns equivalent to two times (2x) the daily performance of the S&P Industrials Select SectorSM Index, prior to the deduction of any fees and expenses.
Is UXI's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
ProShares Ultra Industrials (NYSEARCA:UXI - Get Free Report) 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
Envestnet Asset Management Inc. bought a new stake in shares of ProShares Ultra Industrials (NYSEARCA:UXI) during the undefined quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,272 shares of the company's stock, valued at approximately $443,000. Envestnet Asset Management Inc. owned 1.83% of ProShares Ultra
The industrial sector could be poised for a lift as mega spending projects kick in. Why capital investment in infrastructure has been lagging.
The index plummeted all the way down to -31.8, the lowest since January when the index reached a slightly worse -32.9. The month-over-month declines across many categories were nothing short of historic in May.
The Empire State Manufacturing Index rates a level above 0.0 indicates improving conditions, below indicates worsening conditions. Since this survey only goes back to July of 2001, we only have two complete business cycles with which to evaluate its usefulness as an indicator for the broader economy.