ProShares UltraShort Industrials (NYSEARCA:SIJ – Get Free Report) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 1,042 shares, a decrease of 96.5% from the October 15th total of 29,885 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 11,984 shares, the days-to-cover ratio is presently 0.1 days.
ProShares UltraShort Industrials Stock Performance
Shares of SIJ stock traded down $0.47 during trading on Wednesday, hitting $18.02. 4,766 shares of the company were exchanged, compared to its average volume of 9,975. The business’s 50-day simple moving average is $18.55 and its 200 day simple moving average is $17.95. 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
A hedge fund recently raised its stake in ProShares UltraShort Industrials stock. Susquehanna International Group LLP raised its stake in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) by 36.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,032 shares of the company’s stock after buying an additional 3,714 shares during the period. Susquehanna International Group LLP owned about 3.90% of ProShares UltraShort Industrials worth $217,000 as of its most recent SEC filing.
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.
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