ProShares UltraShort Industrials (NYSEARCA:SIJ) Sees Significant Growth in Short Interest

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,912 shares, a growth of 1,934.0% from the November 30th total of 94 shares. Based on an average daily trading volume, of 5,101 shares, the short-interest ratio is presently 0.4 days. Approximately 2.1% of the company’s stock are short sold. Approximately 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,101 shares, the short-interest ratio is presently 0.4 days.

ProShares UltraShort Industrials Stock Performance

Shares of SIJ traded down $0.22 during trading hours on Wednesday, hitting $10.97. 5,376 shares of the company were exchanged, compared to its average volume of 5,217. The firm’s 50 day moving average is $11.71 and its 200-day moving average is $12.07. ProShares UltraShort Industrials has a 52 week low of $10.96 and a 52 week high of $23.72.

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.