Short Interest in ProShares UltraShort Industrials (NYSEARCA:SIJ) Decreases By 47.8%

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 8,602 shares, a decline of 47.8% from the May 14th total of 16,493 shares. Based on an average daily trading volume, of 6,160 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.5% of the company’s shares are sold short.

Institutional Trading of ProShares UltraShort Industrials

A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. IMC Chicago LLC bought a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned 24.59% of ProShares UltraShort Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Industrials Trading Down 1.3%

NYSEARCA SIJ traded down $0.23 during trading hours on Friday, reaching $17.34. 4,340 shares of the company traded hands, compared to its average volume of 11,507. ProShares UltraShort Industrials has a 12 month low of $16.92 and a 12 month high of $27.78. The company has a 50 day moving average of $18.17 and a two-hundred day moving average of $19.72.

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.