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

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

ProShares Long Online/Short Stores ETF Price Performance

Shares of CLIX stock opened at $58.08 on Wednesday. The stock’s fifty day moving average price is $60.71 and its 200 day moving average price is $59.03. ProShares Long Online/Short Stores ETF has a 1-year low of $40.14 and a 1-year high of $62.85. The company has a market cap of $6.97 million, a price-to-earnings ratio of 21.88 and a beta of 0.84.

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

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its stake in ProShares Long Online/Short Stores ETF by 123.3% in the 2nd quarter. SG Americas Securities LLC now owns 24,438 shares of the company’s stock worth $1,272,000 after purchasing an additional 13,493 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of ProShares Long Online/Short Stores ETF in the third quarter worth $45,000. Finally, Raymond James Financial Inc. raised its holdings in shares of ProShares Long Online/Short Stores ETF by 76.5% in the third quarter. Raymond James Financial Inc. now owns 4,978 shares of the company’s stock worth $299,000 after buying an additional 2,158 shares during the last quarter.

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.