ProShares UltraShort Materials (NYSEARCA:SMN) Sees Significant Increase in Short Interest

Posted by Trevor Kearing on Jan 14th, 2026

ProShares UltraShort Materials (NYSEARCA:SMN – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 3,620 shares, a growth of 1,728.3% from the December 15th total of 198 shares. Based on an average trading volume of 1,343 shares, the days-to-cover ratio is presently 2.7 days. Approximately 6.0% of the shares of the stock are sold short. Approximately 6.0% of the shares of the stock are sold short. Based on an average trading volume of 1,343 shares, the days-to-cover ratio is presently 2.7 days.

ProShares UltraShort Materials Stock Down 0.9%

Shares of NYSEARCA:SMN opened at $11.38 on Wednesday. The business’s 50 day moving average price is $13.66 and its 200-day moving average price is $13.67. ProShares UltraShort Materials has a 1 year low of $11.38 and a 1 year high of $21.31.

Institutional Investors Weigh In On ProShares UltraShort Materials

A hedge fund recently bought a new stake in ProShares UltraShort Materials stock. Susquehanna International Group LLP purchased a new position in ProShares UltraShort Materials (NYSEARCA:SMN – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,010 shares of the company’s stock, valued at approximately $150,000. Susquehanna International Group LLP owned approximately 18.35% of ProShares UltraShort Materials at the end of the most recent quarter.

About ProShares UltraShort Materials

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ProShares UltraShort Basic Materials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.