ProShares UltraShort Industrials (NYSEARCA:SIJ) Sees Large Decline in Short Interest

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 2,752 shares, a decline of 14.3% from the January 29th total of 3,211 shares. Based on an average daily volume of 49,158 shares, the short-interest ratio is presently 0.1 days. Approximately 2.5% of the company’s shares are sold short. Approximately 2.5% of the company’s shares are sold short. Based on an average daily volume of 49,158 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraShort Industrials Price Performance

NYSEARCA:SIJ opened at $8.82 on Thursday. ProShares UltraShort Industrials has a 1-year low of $8.51 and a 1-year high of $23.72. The business’s 50-day moving average price is $9.77 and its two-hundred day moving average price is $11.09.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned approximately 24.59% of ProShares UltraShort Industrials as of its most recent SEC filing.

ProShares UltraShort Industrials Company Profile

ProShares UltraShort Industrials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Industrials Index (the Index). The 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.