ProShares Ultra High Yield (NYSEARCA:UJB) Sees Large Decrease in Short Interest

ProShares Ultra High Yield (NYSEARCA:UJB) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 123 shares, a drop of 84.8% from the September 15th total of 810 shares. Based on an average daily volume of 17,114 shares, the short-interest ratio is presently 0.0 days. Currently, 0.2% of the shares of the company are sold short.

ProShares Ultra High Yield Price Performance

ProShares Ultra High Yield stock traded up $0.12 during trading on Friday, hitting $74.30. The stock had a trading volume of 65 shares, compared to its average volume of 14,845. The stock’s 50 day moving average is $77.36 and its two-hundred day moving average is $77.91. ProShares Ultra High Yield has a 1 year low of $73.20 and a 1 year high of $80.09.

About ProShares Ultra High Yield

The ProShares Ultra High Yield (UJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides 2x exposure to a market-value-weighted index of USD-denominated high-yield corporate bonds with remaining maturities between 3 and 15 years. UJB was launched on Apr 13, 2011 and is managed by ProShares.