ProShares UltraShort Materials (NYSEARCA:SMN) Shares Shorted: Short Interest Up 158.3% in September

ProShares UltraShort Materials (NYSEARCA:SMN) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,986 shares, an increase of 158.3% from the September 15th total of 769 shares. Based on an average daily trading volume, of 1,773 shares, the short-interest ratio is currently 1.1 days. Currently, 1.0% of the company’s shares are short sold.

ProShares UltraShort Materials Price Performance

Shares of SMN stock traded down $0.01 on Monday, hitting $21.20. The stock had a trading volume of 1,218 shares, compared to its average volume of 6,140. ProShares UltraShort Materials has a 1 year low of $17.93 and a 1 year high of $31.02. The company’s 50 day moving average price is $19.83 and its 200-day moving average price is $20.14.

ProShares UltraShort Materials Company Profile

ProShares UltraShort Basic Materials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.