ProShares UltraShort Materials (NYSEARCA:SMN) Short Interest Update

ProShares UltraShort Materials (NYSEARCA:SMN – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 769 shares, a decline of 57.7% from the August 31st total of 1,820 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 1,257 shares, the days-to-cover ratio is currently 0.6 days.

ProShares UltraShort Materials Price Performance

Shares of ProShares UltraShort Materials stock traded up $0.30 during trading on Monday, reaching $21.14. The company’s stock had a trading volume of 3,345 shares, compared to its average volume of 6,357. ProShares UltraShort Materials has a 52-week low of $17.93 and a 52-week high of $31.02. The firm’s 50-day moving average is $19.57 and its two-hundred day moving average is $20.23.

Get ProShares UltraShort Materials alerts:

About ProShares UltraShort Materials

(Get Free Report)

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.

Further Reading

• Five stocks we like better than ProShares UltraShort Materials
• Six Flags Launches FlexPay—Is There Any FUN Left in the Stock?
• Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
• Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
• Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?

Receive News & Ratings for ProShares UltraShort Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Materials and related companies with MarketBeat.com's FREE daily email newsletter.