ProShares UltraShort Industrials (NYSEARCA:SIJ – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,922 shares, a decrease 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. Currently, 1.1% of the shares of the company are short sold.
ProShares UltraShort Industrials Trading Down 2.3%
Shares of NYSEARCA:SIJ opened at $16.64 on Friday. The firm has a fifty day moving average price of $16.74 and a 200 day moving average price of $18.15. ProShares UltraShort Industrials has a 1-year low of $15.25 and a 1-year high of $27.02.
Institutional Investors Weigh In On ProShares UltraShort Industrials
A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned about 24.59% of ProShares UltraShort Industrials as of its most recent SEC filing.
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.
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