ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 80,815 shares, a growth of 63.1% from the June 30th total of 49,538 shares. Based on an average daily volume of 88,301 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.4% of the shares of the stock are sold short.
Institutional Trading of ProShares Short High Yield
Institutional investors and hedge funds have recently modified their holdings of the business. Purpose Unlimited Inc. bought a new stake in shares of ProShares Short High Yield during the 4th quarter valued at about $440,000. Two Sigma Securities LLC bought a new position in shares of ProShares Short High Yield in the second quarter worth approximately $358,000. HRT Financial LP purchased a new stake in ProShares Short High Yield in the fourth quarter valued at approximately $235,000. IMC Chicago LLC purchased a new stake in ProShares Short High Yield in the fourth quarter valued at approximately $212,000. Finally, Bravias Capital Group LLC bought a new stake in ProShares Short High Yield during the first quarter valued at approximately $162,000.
ProShares Short High Yield Trading Up 0.1%
Shares of SJB stock traded up $0.02 on Friday, reaching $15.23. The company’s stock had a trading volume of 229,050 shares, compared to its average volume of 284,463. ProShares Short High Yield has a 12-month low of $15.05 and a 12-month high of $15.71. The stock’s 50 day simple moving average is $15.24 and its 200-day simple moving average is $15.31.
About ProShares Short High Yield
The Proshares Short High Yield (SJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides inverse exposure, reset daily, to a modified market-value-weighted index comprising US-dollar-denominated corporate high-yield bonds with maturities between 3 and 15 years. SJB was launched on Mar 21, 2011 and is managed by ProShares.
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