ProShares UltraShort Materials (NYSEARCA:SMN) Short Interest Down 39.8% in January

Posted by Latisha Jones on Feb 14th, 2026

ProShares UltraShort Materials (NYSEARCA:SMN – Get Free Report) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 2,310 shares, a decrease of 39.8% from the January 15th total of 3,839 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily volume of 10,224 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 10,224 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.9% of the shares of the stock are short sold.

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 stake in ProShares UltraShort Materials (NYSEARCA:SMN – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period.

ProShares UltraShort Materials Trading Down 1.9%

Shares of ProShares UltraShort Materials stock traded down $0.18 on Friday, hitting $9.47. 11,345 shares of the company were exchanged, compared to its average volume of 13,191. The company has a 50-day moving average price of $11.90 and a 200 day moving average price of $13.23. ProShares UltraShort Materials has a 1-year low of $9.23 and a 1-year high of $21.31.

ProShares UltraShort Materials Company Profile

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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.