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

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,211 shares, a growth of 1,320.8% from the January 15th total of 226 shares. Based on an average trading volume of 6,703 shares, the short-interest ratio is presently 0.5 days. Currently, 2.9% of the shares of the company are sold short. Currently, 2.9% of the shares of the company are sold short. Based on an average trading volume of 6,703 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On ProShares UltraShort Industrials

An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 quarter.

ProShares UltraShort Industrials Stock Down 0.5%

NYSEARCA SIJ traded down $0.05 during trading on Wednesday, reaching $8.98. 55,499 shares of the company traded hands, compared to its average volume of 21,189. ProShares UltraShort Industrials has a 1-year low of $8.73 and a 1-year high of $23.72. The stock’s 50 day moving average price is $10.59 and its two-hundred day moving average price is $11.45.

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.