Short Interest in ProShares UltraShort Industrials (NYSEARCA:SIJ) Decreases By 65.8%

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 15,632 shares, a decline of 65.8% from the March 31st total of 45,643 shares. Based on an average daily volume of 21,242 shares, the short-interest ratio is presently 0.7 days. Approximately 2.2% of the company’s stock are sold short.

ProShares UltraShort Industrials Trading Up 1.7%

SIJ traded up $0.15 during midday trading on Friday, hitting $9.06. The company had a trading volume of 6,086 shares, compared to its average volume of 26,493. ProShares UltraShort Industrials has a 52 week low of $8.51 and a 52 week high of $16.88. The stock’s 50 day moving average price is $9.47 and its 200 day moving average price is $10.51.

Institutional Investors Weigh In On ProShares UltraShort Industrials

An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC bought a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned approximately 24.59% of ProShares UltraShort Industrials at the end of the most recent reporting period.

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.