ProShares UltraShort Industrials (NYSEARCA:SIJ – Get Free Report) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 3,211 shares, a growth of 1,320.8% from the January 15th total of 226 shares. Based on an average daily volume of 6,703 shares, the short-interest ratio is presently 0.5 days. Approximately 2.9% of the company’s stock are short sold. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 6,703 shares, the short-interest ratio is presently 0.5 days.
ProShares UltraShort Industrials Price Performance
Shares of ProShares UltraShort Industrials stock traded down $0.02 during mid-day trading on Tuesday, hitting $9.02. 4,336 shares of the stock were exchanged, compared to its average volume of 19,920. ProShares UltraShort Industrials has a 12 month low of $8.95 and a 12 month high of $23.72. The company has a 50-day simple moving average of $10.59 and a 200 day simple moving average of $11.45.
Institutional Investors Weigh In On ProShares UltraShort Industrials
An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned about 24.59% of ProShares UltraShort Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).
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.
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