ProShares UltraShort Industrials (NYSEARCA:SIJ) Sees Significant Increase in Short Interest

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 7,734 shares, an increase of 167.4% from the August 31st total of 2,892 shares. Based on an average daily trading volume, of 5,331 shares, the short-interest ratio is presently 1.5 days. Approximately 2.2% of the shares of the stock are short sold.

ProShares UltraShort Industrials Price Performance

Shares of NYSEARCA:SIJ traded up $0.38 during trading on Monday, reaching $18.58. The company had a trading volume of 5,860 shares, compared to its average volume of 8,352. The company has a fifty day moving average of $16.89 and a two-hundred day moving average of $17.62. ProShares UltraShort Industrials has a 12 month low of $15.05 and a 12 month high of $25.38.

Institutional Inflows and Outflows

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

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.