ProShares UltraShort Materials (NYSEARCA:SMN) Short Interest Up 1,207.3% in May

Posted by Teresa Graham on Jun 9th, 2026

ProShares UltraShort Materials (NYSEARCA:SMN – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 40,252 shares, a growth of 1,207.3% from the May 14th total of 3,079 shares. Currently, 26.8% of the shares of the company are sold short. Based on an average trading volume of 14,445 shares, the short-interest ratio is currently 2.8 days.

Institutional Investors Weigh In On ProShares UltraShort Materials

An institutional investor recently bought a new position in ProShares UltraShort Materials stock. Susquehanna International Group LLP purchased a new position in shares of ProShares UltraShort Materials (NYSEARCA:SMN – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 filing with the Securities and Exchange Commission.

ProShares UltraShort Materials Price Performance

SMN traded down $0.58 during midday trading on Tuesday, hitting $20.77. 9,467 shares of the company were exchanged, compared to its average volume of 8,976. The company’s 50 day simple moving average is $20.37 and its 200 day simple moving average is $22.38. ProShares UltraShort Materials has a 1-year low of $18.46 and a 1-year high of $31.02.

ProShares UltraShort Materials Company Profile

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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.