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flag Short bets on ProShares Ultra Industrials fell 90% in December, while short bets on its inverse fund surged.

flag Short interest in ProShares Ultra Industrials (UXI) plummeted 90.3% in December, falling to 5,671 shares by December 15, with a days-to-cover ratio of 0.5 days. flag The fund, which aims to deliver twice the daily performance of the Dow Jones U.S. Industrials Index, rose $0.23 to $47.84 on Wednesday. flag Meanwhile, ProShares UltraShort Industrials (SIJ) saw short interest surge 1,934% to 1,912 shares, with a short-interest ratio of 0.4 days. flag SIJ dropped $0.22 to $10.97, tracking the inverse of the same index.

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