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

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 29,885 shares, an increase of 2,793.0% from the September 30th total of 1,033 shares. Currently, 27.2% of the company’s stock are sold short. Based on an average daily trading volume, of 39,273 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of ProShares UltraShort Industrials

An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. Citadel Advisors LLC purchased a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,255 shares of the company’s stock, valued at approximately $158,000. Citadel Advisors LLC owned about 2.85% of ProShares UltraShort Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Industrials Trading Down 0.6%

ProShares UltraShort Industrials stock traded down $0.11 during trading on Tuesday, hitting $18.93. 13,234 shares of the company were exchanged, compared to its average volume of 10,077. The business’s 50 day moving average is $17.96 and its 200 day moving average is $18.04. ProShares UltraShort Industrials has a 52 week low of $15.05 and a 52 week high of $25.38.

ProShares UltraShort Industrials Company Profile

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.