ProShares UltraShort Industrials (NYSEARCA:SIJ) Short Interest Update

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,602 shares, a drop of 47.8% from the May 14th total of 16,493 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 6,160 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned approximately 24.59% of ProShares UltraShort Industrials at the end of the most recent reporting period.

ProShares UltraShort Industrials Stock Down 2.8%

Shares of SIJ stock opened at $16.85 on Tuesday. The business’s fifty day moving average is $18.12 and its 200 day moving average is $19.63. ProShares UltraShort Industrials has a twelve month low of $16.57 and a twelve month high of $27.78.

About ProShares UltraShort Industrials

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.