ProShares UltraShort Industrials (NYSEARCA:SIJ) Shares Shorted: Short Interest Up 2,793.0% in October

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 29,885 shares, an increase of 2,793.0% from the September 30th total of 1,033 shares. Based on an average daily volume of 39,273 shares, the days-to-cover ratio is presently 0.8 days. Approximately 27.2% of the shares of the company are sold short.

ProShares UltraShort Industrials Price Performance

Shares of NYSEARCA SIJ traded down $0.54 during trading hours on Monday, reaching $19.04. 13,234 shares of the stock were exchanged, compared to its average volume of 10,077. The stock’s fifty day simple moving average is $17.96 and its 200 day simple moving average is $18.04. ProShares UltraShort Industrials has a 52 week low of $15.05 and a 52 week high of $25.38.

Institutional Investors Weigh In On ProShares UltraShort Industrials

An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. Citadel Advisors LLC purchased a new stake in ProShares UltraShort Industrials (NYSEARCA:SIJ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

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.