ProShares UltraShort Industrials (NYSEARCA:SIJ – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 29,885 shares, a growth of 2,793.0% from the September 30th total of 1,033 shares. Currently, 27.2% of the shares of the company are short sold. Based on an average daily volume of 39,273 shares, the short-interest ratio is presently 0.8 days.
ProShares UltraShort Industrials Stock Performance
Shares of NYSEARCA:SIJ traded down $0.54 on Monday, reaching $19.04. 13,234 shares of the company’s stock were exchanged, compared to its average volume of 10,077. The company has a fifty day moving average of $17.96 and a 200-day moving average of $18.04. ProShares UltraShort Industrials has a twelve month low of $15.05 and a twelve month high of $25.38.
Institutional Investors Weigh In On ProShares UltraShort Industrials
An institutional investor recently raised its position in ProShares UltraShort Industrials stock. Susquehanna International Group LLP increased its stake in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) by 36.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,032 shares of the company’s stock after buying an additional 3,714 shares during the quarter. Susquehanna International Group LLP owned about 3.90% of ProShares UltraShort Industrials worth $217,000 at the end of the most recent reporting period.
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.
See Also
- Five stocks we like better than ProShares UltraShort Industrials
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for ProShares UltraShort Industrials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Industrials and related companies with MarketBeat.com's FREE daily email newsletter.
