ProShares UltraShort Industrials (NYSEARCA:SIJ) Short Interest Down 32.1% in July

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

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 stake in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

ProShares UltraShort Industrials Stock Down 1.4%

Shares of SIJ traded down $0.23 during mid-day trading on Friday, hitting $16.41. 287 shares of the company traded hands, compared to its average volume of 9,313. The stock has a 50-day moving average price of $16.71 and a two-hundred day moving average price of $18.14. ProShares UltraShort Industrials has a 1 year low of $15.25 and a 1 year high of $27.02.

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.