ProShares UltraShort Industrials (NYSEARCA:SIJ) Sees Significant Increase in Short Interest

ProShares UltraShort Industrials (NYSEARCA:SIJ) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 300 shares, a growth of 50.0% from the May 15th total of 200 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 0.0 days.

ProShares UltraShort Industrials Stock Performance

ProShares UltraShort Industrials stock opened at $13.77 on Wednesday. ProShares UltraShort Industrials has a twelve month low of $13.18 and a twelve month high of $23.72. The stock’s 50 day moving average is $15.08 and its 200 day moving average is $15.87.

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.