ProShares UltraShort Materials (NYSEARCA:SMN) Short Interest Up 90.0% in February

Posted by Jessica Moore on Mar 1st, 2026

ProShares UltraShort Materials (NYSEARCA:SMN – Get Free Report) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 4,388 shares, a growth of 90.0% from the January 29th total of 2,310 shares. Based on an average daily trading volume, of 25,839 shares, the days-to-cover ratio is currently 0.2 days. Currently, 5.5% of the company’s shares are sold short. Currently, 5.5% of the company’s shares are sold short. Based on an average daily trading volume, of 25,839 shares, the days-to-cover ratio is currently 0.2 days.

ProShares UltraShort Materials Stock Performance

Shares of ProShares UltraShort Materials stock traded down $0.18 during trading on Friday, hitting $9.46. The stock had a trading volume of 1,131 shares, compared to its average volume of 14,275. ProShares UltraShort Materials has a 1 year low of $9.23 and a 1 year high of $21.31. The stock has a 50 day simple moving average of $11.06 and a 200 day simple moving average of $12.90.

Institutional Trading of ProShares UltraShort Materials

A hedge fund recently bought a new stake in ProShares UltraShort Materials stock. Susquehanna International Group LLP purchased a new position in ProShares UltraShort Materials (NYSEARCA:SMN – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,010 shares of the company’s stock, valued at approximately $150,000. Susquehanna International Group LLP owned approximately 18.35% of ProShares UltraShort Materials at the end of the most recent reporting period.

About ProShares UltraShort Materials

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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.