ProShares UltraShort Industrials (NYSEARCA:SIJ) Sees Significant Drop in Short Interest

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 3,922 shares, a decline of 32.1% from the June 30th total of 5,773 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,022 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On ProShares UltraShort Industrials

A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. IMC Chicago LLC bought a new stake in ProShares UltraShort Industrials (NYSEARCA:SIJ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 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 filing with the SEC.

ProShares UltraShort Industrials Stock Down 1.4%

Shares of ProShares UltraShort Industrials stock opened at $16.41 on Friday. The company has a 50 day moving average of $16.71 and a 200-day moving average of $18.14. ProShares UltraShort Industrials has a 1-year low of $15.25 and a 1-year high of $27.02.

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.