ProShares UltraShort Industrials (NYSEARCA:SIJ) Short Interest Up 857.9% in March

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 45,643 shares, an increase of 857.9% from the March 15th total of 4,765 shares. Approximately 6.3% of the shares of the company are sold short. Based on an average daily trading volume, of 38,609 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC bought a new stake in ProShares UltraShort Industrials (NYSEARCA:SIJ) during the fourth quarter, according to the company in 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 24.59% of ProShares UltraShort Industrials at the end of the most recent quarter.

ProShares UltraShort Industrials Trading Up 0.8%

SIJ traded up $0.07 during trading on Friday, hitting $9.16. 4,243 shares of the stock were exchanged, compared to its average volume of 28,887. ProShares UltraShort Industrials has a 1-year low of $8.51 and a 1-year high of $18.90. The stock has a fifty day moving average price of $9.51 and a two-hundred day moving average price of $10.69.

ProShares UltraShort Industrials Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a dividend of $0.0275 per share. This represents a $0.11 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.