ProShares UltraShort Industrials (NYSEARCA:SIJ) Short Interest Update

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,922 shares, a drop of 32.1% from the June 30th total of 5,773 shares. Based on an average daily volume of 2,022 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.1% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares UltraShort Industrials

A hedge fund recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC acquired a new stake in ProShares UltraShort Industrials (NYSEARCA:SIJ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned 24.59% of ProShares UltraShort Industrials as of its most recent filing with the Securities and Exchange Commission.

ProShares UltraShort Industrials Price Performance

NYSEARCA:SIJ opened at $16.64 on Friday. ProShares UltraShort Industrials has a 12-month low of $15.25 and a 12-month high of $27.02. The stock’s 50 day simple moving average is $16.74 and its 200-day simple moving average is $18.15.

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.