ProShares UltraShort Materials (NYSEARCA:SMN) Short Interest Up 90.0% in February

ProShares UltraShort Materials (NYSEARCA:SMN) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 4,388 shares, an increase of 90.0% from the January 29th total of 2,310 shares. Based on an average trading volume of 25,839 shares, the short-interest ratio is presently 0.2 days. Currently, 5.5% of the shares of the company are short sold. Currently, 5.5% of the shares of the company are short sold. Based on an average trading volume of 25,839 shares, the short-interest ratio is presently 0.2 days.

ProShares UltraShort Materials Trading Down 1.9%

SMN opened at $9.46 on Monday. The company has a 50 day simple moving average of $11.06 and a two-hundred day simple moving average of $12.90. ProShares UltraShort Materials has a 1-year low of $9.23 and a 1-year high of $21.31.

Institutional Investors Weigh In On ProShares UltraShort Materials

An institutional investor recently bought a new position in ProShares UltraShort Materials stock. Susquehanna International Group LLP acquired a new stake in shares of ProShares UltraShort Materials (NYSEARCA:SMN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,010 shares of the company’s stock, valued at approximately $150,000. Susquehanna International Group LLP owned about 18.35% of ProShares UltraShort Materials at the end of the most recent reporting period.

About ProShares UltraShort Materials

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.