ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 49,538 shares, a decrease of 36.3% from the June 15th total of 77,732 shares. Based on an average daily volume of 103,421 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.4% of the shares of the stock are sold short.
ProShares Short High Yield Trading Up 0.1%
Shares of ProShares Short High Yield stock opened at $15.16 on Friday. ProShares Short High Yield has a 12-month low of $15.05 and a 12-month high of $15.71. The firm’s 50-day moving average price is $15.27 and its two-hundred day moving average price is $15.31.
Institutional Trading of ProShares Short High Yield
Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of ProShares Short High Yield in the 2nd quarter valued at $135,000. Two Sigma Securities LLC bought a new stake in shares of ProShares Short High Yield during the 2nd quarter worth $358,000. IMC Chicago LLC acquired a new stake in ProShares Short High Yield in the fourth quarter valued at about $212,000. Simplex Trading LLC boosted its stake in ProShares Short High Yield by 1,673.5% in the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock valued at $155,000 after buying an additional 9,589 shares in the last quarter. Finally, HRT Financial LP bought a new position in ProShares Short High Yield in the fourth quarter valued at about $235,000.
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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