ProShares UltraShort Industrials (NYSEARCA:SIJ) Stock Short Interest Drops 96.5%

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 1,042 shares, a decline of 96.5% from the October 15th total of 29,885 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 11,984 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ProShares UltraShort Industrials

A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. Citadel Advisors LLC acquired a new stake in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,255 shares of the company’s stock, valued at approximately $158,000. Citadel Advisors LLC owned 2.85% of ProShares UltraShort Industrials at the end of the most recent reporting period.

ProShares UltraShort Industrials Stock Up 0.3%

Shares of ProShares UltraShort Industrials stock traded up $0.05 during trading hours on Tuesday, hitting $18.49. 3,150 shares of the company’s stock traded hands, compared to its average volume of 10,000. The stock has a 50 day simple moving average of $18.55 and a 200-day simple moving average of $17.95. ProShares UltraShort Industrials has a twelve month low of $15.05 and a twelve month 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.