ProShares UltraShort Industrials (NYSEARCA:SIJ) Sees Significant Decrease in Short Interest

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the recipient of a significant decline in short interest in 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. Currently, 2.5% of the company’s shares are short sold. Based on an average trading volume of 6,160 shares, the short-interest ratio is currently 1.4 days.

ProShares UltraShort Industrials Stock Performance

SIJ stock traded down $0.49 during midday trading on Monday, hitting $16.85. 3,978 shares of the company’s stock were exchanged, compared to its average volume of 11,440. The stock’s fifty day moving average price is $18.12 and its 200-day moving average price is $19.63. ProShares UltraShort Industrials has a one year low of $16.57 and a one year high of $27.78.

Institutional Trading of ProShares UltraShort Industrials

An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC purchased a new stake in ProShares UltraShort Industrials (NYSEARCA:SIJ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 reporting period.

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.