ProShares UltraShort Industrials (NYSEARCA:SIJ) Short Interest Update

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 828 shares, a decline of 56.7% from the December 15th total of 1,912 shares. Based on an average daily volume of 2,694 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 2,694 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort Industrials Stock Down 1.4%

Shares of SIJ traded down $0.14 during midday trading on Friday, reaching $9.80. 7,895 shares of the stock were exchanged, compared to its average volume of 5,959. ProShares UltraShort Industrials has a 12-month low of $9.60 and a 12-month high of $23.72. The firm has a 50 day simple moving average of $11.39 and a 200-day simple moving average of $11.76.

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.