ProShares UltraShort Industrials (NYSEARCA:SIJ) Shares Shorted: Short Interest Down 86.6% in September

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 1,033 shares, a drop of 86.6% from the September 15th total of 7,734 shares. Based on an average daily volume of 8,971 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

ProShares UltraShort Industrials Stock Performance

NYSEARCA SIJ traded down $0.04 during mid-day trading on Friday, hitting $18.51. The company’s stock had a trading volume of 11,986 shares, compared to its average volume of 8,400. The company’s 50 day simple moving average is $17.30 and its 200 day simple moving average is $17.54. ProShares UltraShort Industrials has a twelve month low of $15.05 and a twelve month high of $25.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares UltraShort Industrials stock. Citadel Advisors LLC bought a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,255 shares of the company’s stock, valued at approximately $158,000. Citadel Advisors LLC owned approximately 2.85% 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.