ProShares UltraShort Industrials (NYSEARCA:SIJ) Sees Large Decline in Short Interest

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,033 shares, a decline of 86.6% from the September 15th total of 7,734 shares. Based on an average daily trading volume, of 8,971 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares UltraShort Industrials stock. Susquehanna International Group LLP grew its holdings in ProShares UltraShort Industrials (NYSEARCA:SIJ) by 36.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,032 shares of the company’s stock after purchasing an additional 3,714 shares during the quarter. Susquehanna International Group LLP owned about 3.90% of ProShares UltraShort Industrials worth $217,000 as of its most recent filing with the SEC.

ProShares UltraShort Industrials Price Performance

Shares of NYSEARCA SIJ traded up $0.02 during trading hours on Monday, hitting $18.53. 7,158 shares of the stock were exchanged, compared to its average volume of 8,364. ProShares UltraShort Industrials has a one year low of $15.05 and a one year high of $25.38. The company’s 50 day moving average is $17.30 and its 200 day moving average is $17.52.

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.