ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Significant Decrease in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 487 shares, a decrease of 73.6% from the September 30th total of 1,848 shares. Based on an average daily volume of 1,743 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

ProShares Short SmallCap600 Price Performance

Shares of ProShares Short SmallCap600 stock traded up $0.34 during mid-day trading on Friday, reaching $23.48. 1,153 shares of the stock traded hands, compared to its average volume of 3,309. ProShares Short SmallCap600 has a fifty-two week low of $21.76 and a fifty-two week high of $29.56. The business has a 50-day moving average of $23.41 and a 200 day moving average of $24.08.

About ProShares Short SmallCap600

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.