ProShares UltraShort Industrials (NYSEARCA:SIJ) Short Interest Down 36.2% in March

ProShares UltraShort Industrials (NYSEARCA:SIJ) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,765 shares, a decrease of 36.2% from the February 26th total of 7,474 shares. Based on an average daily volume of 60,762 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.3% of the company’s shares are sold short.

ProShares UltraShort Industrials Trading Up 5.0%

Shares of NYSEARCA SIJ opened at $10.44 on Friday. The business’s 50 day moving average price is $9.52 and its 200-day moving average price is $10.86. ProShares UltraShort Industrials has a fifty-two week low of $8.51 and a fifty-two week high of $23.72.

ProShares UltraShort Industrials Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.0275 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.1%.

Hedge Funds Weigh In On ProShares UltraShort Industrials

A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. IMC Chicago LLC bought a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned approximately 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.