ProShares UltraShort Materials (NYSEARCA:SMN) Short Interest Down 52.5% in February

Posted by Scott Moore on Mar 12th, 2026

ProShares UltraShort Materials (NYSEARCA:SMN – Get Free Report) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,085 shares, a decline of 52.5% from the February 12th total of 4,388 shares. Based on an average daily volume of 17,940 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.6% of the shares of the company are short sold. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 17,940 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares UltraShort Materials

An institutional investor recently bought a new position in ProShares UltraShort Materials stock. Susquehanna International Group LLP acquired a new position in ProShares UltraShort Materials (NYSEARCA:SMN – Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,010 shares of the company’s stock, valued at approximately $150,000. Susquehanna International Group LLP owned 18.35% of ProShares UltraShort Materials as of its most recent SEC filing.

ProShares UltraShort Materials Price Performance

NYSEARCA SMN traded up $0.11 during trading hours on Thursday, hitting $10.96. The company had a trading volume of 1,353 shares, compared to its average volume of 16,045. ProShares UltraShort Materials has a fifty-two week low of $9.23 and a fifty-two week high of $21.31. The business has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $12.71.

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.