ProShares UltraShort Industrials (NYSEARCA:SIJ – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,734 shares, an increase of 167.4% from the August 31st total of 2,892 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average trading volume of 5,331 shares, the short-interest ratio is currently 1.5 days.
Hedge Funds Weigh In On ProShares UltraShort Industrials
A hedge fund recently raised its stake in ProShares UltraShort Industrials stock. Susquehanna International Group LLP grew its position in ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) by 36.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,032 shares of the company’s stock after purchasing an additional 3,714 shares during the quarter. Susquehanna International Group LLP owned approximately 3.90% of ProShares UltraShort Industrials worth $217,000 as of its most recent SEC filing.
ProShares UltraShort Industrials Price Performance
Shares of SIJ stock opened at $18.20 on Friday. The stock’s 50 day simple moving average is $16.89 and its 200 day simple moving average is $17.63. ProShares UltraShort Industrials has a twelve month low of $15.05 and a twelve month high of $25.38.
ProShares UltraShort Industrials Company Profile
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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