ProShares Long Online/Short Stores ETF (NYSEARCA:CLIX) Sees Large Increase in Short Interest

ProShares Long Online/Short Stores ETF (NYSEARCA:CLIX) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 528 shares, a growth of 144.4% from the July 30th total of 216 shares. Based on an average trading volume of 1,170 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares Long Online/Short Stores ETF

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in ProShares Long Online/Short Stores ETF by 76.5% in the 3rd quarter. Raymond James Financial Inc. now owns 4,978 shares of the company’s stock valued at $299,000 after buying an additional 2,158 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of ProShares Long Online/Short Stores ETF in the third quarter worth about $45,000. Finally, SG Americas Securities LLC boosted its holdings in ProShares Long Online/Short Stores ETF by 10.9% in the first quarter. SG Americas Securities LLC now owns 10,526 shares of the company’s stock valued at $562,000 after purchasing an additional 1,034 shares during the last quarter.

ProShares Long Online/Short Stores ETF Stock Performance

NYSEARCA CLIX opened at $59.90 on Friday. The company’s fifty day simple moving average is $58.17 and its 200-day simple moving average is $56.64. ProShares Long Online/Short Stores ETF has a 52 week low of $50.29 and a 52 week high of $62.85. The stock has a market cap of $7.19 million, a P/E ratio of 21.88 and a beta of 0.92.

ProShares Long Online/Short Stores ETF Company Profile

The ProShares Long Online\u002FShort Stores ETF (CLIX) is an exchange-traded fund that is based on the ProShares Long Online\u002FShort Stores index. The fund tracks a fixed-selection, tier-weighted index of both long and short positions in US-listed securities. CLIX was launched on Nov 14, 2017 and is managed by ProShares.