ProShares UltraShort Industrials (NYSEARCA:SIJ) Short Interest Down 14.3% in February

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 2,752 shares, a decline of 14.3% from the January 29th total of 3,211 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 49,158 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 49,158 shares, the short-interest ratio is currently 0.1 days. Currently, 2.5% of the company’s stock are short sold.

ProShares UltraShort Industrials Stock Performance

Shares of SIJ stock traded down $0.03 during trading on Wednesday, hitting $8.84. 32,375 shares of the company were exchanged, compared to its average volume of 21,593. The business’s 50-day simple moving average is $9.81 and its 200 day simple moving average is $11.11. ProShares UltraShort Industrials has a twelve month low of $8.51 and a twelve month high of $23.72.

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 stake in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 quarter.

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.