ProShares UltraShort Industrials (NYSEARCA:SIJ) Short Interest Down 36.2% in March

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,765 shares, a drop of 36.2% from the February 26th total of 7,474 shares. Based on an average trading volume of 60,762 shares, the short-interest ratio is presently 0.1 days. Currently, 4.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) in the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 Up 5.0%

Shares of NYSEARCA:SIJ opened at $10.44 on Friday. ProShares UltraShort Industrials has a 1-year low of $8.51 and a 1-year high of $23.72. The firm’s 50 day simple moving average is $9.52 and its two-hundred day simple moving average is $10.86.

ProShares UltraShort Industrials Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be paid a dividend of $0.0275 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.1%.

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.