ProShares Long Online/Short Stores ETF (NYSEARCA:CLIX) Sees Significant Decline in Short Interest

ProShares Long Online/Short Stores ETF (NYSEARCA:CLIX) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 106 shares, a decline of 14.5% from the December 31st total of 124 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 424 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 424 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares Long Online/Short Stores ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC bought a new position in ProShares Long Online/Short Stores ETF in the third quarter worth about $45,000. Raymond James Financial Inc. purchased a new stake in ProShares Long Online/Short Stores ETF during the second quarter valued at approximately $147,000. Finally, SG Americas Securities LLC lifted its position in ProShares Long Online/Short Stores ETF by 248.8% during the fourth quarter. SG Americas Securities LLC now owns 9,492 shares of the company’s stock valued at $574,000 after acquiring an additional 6,771 shares during the last quarter.

ProShares Long Online/Short Stores ETF Stock Performance

Shares of NYSEARCA CLIX opened at $59.33 on Tuesday. The stock has a 50 day moving average price of $60.74 and a 200 day moving average price of $59.00. The firm has a market capitalization of $7.12 million, a price-to-earnings ratio of 21.88 and a beta of 0.84. ProShares Long Online/Short Stores ETF has a 52-week low of $40.14 and a 52-week high of $62.85.

About ProShares Long Online/Short Stores ETF

The ProShares Long Online\u002FShort Stores ETF (CLIX) is an exchange-traded fund that is based on the ProShares Long Online\u002FShort Stores index. The fund tracks a fixed-selection, tier-weighted index of both long and short positions in US-listed securities. CLIX was launched on Nov 14, 2017 and is managed by ProShares.