ProShares UltraShort Industrials (NYSEARCA:SIJ) Sees Large Decrease in Short Interest

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,042 shares, a drop of 96.5% from the October 15th total of 29,885 shares. Based on an average daily volume of 11,984 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.9% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares UltraShort Industrials

A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. Citadel Advisors LLC bought a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,255 shares of the company’s stock, valued at approximately $158,000. Citadel Advisors LLC owned approximately 2.85% of ProShares UltraShort Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Industrials Stock Performance

SIJ stock traded up $0.05 during trading on Tuesday, hitting $18.49. The company had a trading volume of 3,150 shares, compared to its average volume of 10,000. The business has a 50 day moving average of $18.55 and a 200 day moving average of $17.95. ProShares UltraShort Industrials has a fifty-two week low of $15.05 and a fifty-two week high of $25.38.

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.