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

ProShares Long Online/Short Stores ETF (NYSEARCA:CLIX) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 786 shares, a growth of 78,500.0% from the February 12th total of 1 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 636 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 636 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the company’s stock are sold short.

ProShares Long Online/Short Stores ETF Stock Performance

CLIX stock opened at $54.29 on Thursday. The firm has a 50 day simple moving average of $57.05 and a 200 day simple moving average of $58.68. ProShares Long Online/Short Stores ETF has a 52 week low of $40.14 and a 52 week high of $62.85. The stock has a market cap of $6.51 million, a P/E ratio of 21.88 and a beta of 0.84.

Institutional Investors Weigh In On ProShares Long Online/Short Stores ETF

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in shares of ProShares Long Online/Short Stores ETF by 123.3% in the second quarter. SG Americas Securities LLC now owns 24,438 shares of the company’s stock worth $1,272,000 after acquiring an additional 13,493 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in ProShares Long Online/Short Stores ETF during the second quarter valued at $147,000. Finally, CIBC Private Wealth Group LLC purchased a new position in ProShares Long Online/Short Stores ETF in the third quarter valued at about $45,000.

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.