Short Interest in ProShares UltraShort Industrials (NYSEARCA:SIJ) Expands By 171.6%

ProShares UltraShort Industrials (NYSEARCA:SIJGet Free Report) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 7,474 shares, a growth of 171.6% from the February 12th total of 2,752 shares. Based on an average daily volume of 11,618 shares, the days-to-cover ratio is currently 0.6 days. Currently, 6.8% of the shares of the stock are sold short. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily volume of 11,618 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On ProShares UltraShort Industrials

An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned about 24.59% of ProShares UltraShort Industrials at the end of the most recent quarter.

ProShares UltraShort Industrials Stock Up 0.4%

NYSEARCA SIJ traded up $0.04 during mid-day trading on Wednesday, hitting $9.52. The stock had a trading volume of 29,456 shares, compared to its average volume of 26,821. ProShares UltraShort Industrials has a twelve month low of $8.51 and a twelve month high of $23.72. The firm’s 50 day moving average is $9.64 and its 200 day moving average is $11.01.

About ProShares UltraShort Industrials

(Get Free Report)

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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