ProShares UltraShort Industrials (NYSEARCA:SIJ – Get Free Report) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,042 shares, a decline of 96.5% from the October 15th total of 29,885 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 11,984 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On ProShares UltraShort Industrials
A hedge fund recently bought a new position in ProShares UltraShort Industrials stock. Citadel Advisors LLC purchased a new position in shares of ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,255 shares of the company’s stock, valued at approximately $158,000. Citadel Advisors LLC owned 2.85% of ProShares UltraShort Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares UltraShort Industrials Stock Up 1.9%
NYSEARCA SIJ traded up $0.35 during trading hours on Thursday, reaching $18.37. The company’s stock had a trading volume of 2,725 shares, compared to its average volume of 9,943. The firm has a fifty day simple moving average of $18.56 and a 200-day simple moving average of $17.93. ProShares UltraShort Industrials has a 52 week low of $15.05 and a 52 week high of $25.38.
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.
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