ProShares Short SmallCap600 (NYSEARCA:SBB) Short Interest Up 160.0% in February

ProShares Short SmallCap600 (NYSEARCA:SBB) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 117 shares, an increase of 160.0% from the February 12th total of 45 shares. Based on an average daily volume of 9,825 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 9,825 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new position in shares of ProShares Short SmallCap600 (NYSEARCA:SBB) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned approximately 7.64% of ProShares Short SmallCap600 as of its most recent filing with the SEC.

ProShares Short SmallCap600 Stock Performance

Shares of SBB traded up $0.29 during midday trading on Thursday, hitting $13.55. The company had a trading volume of 7,810 shares, compared to its average volume of 9,348. The company’s 50-day simple moving average is $12.83 and its 200-day simple moving average is $13.51. ProShares Short SmallCap600 has a 1 year low of $12.38 and a 1 year high of $18.64.

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.