ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,700 shares, a growth of 5,525.0% from the May 14th total of 48 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 16,623 shares, the short-interest ratio is presently 0.2 days.
ProShares Ultra High Yield Stock Performance
UJB stock opened at $78.01 on Thursday. The business has a 50 day simple moving average of $78.29 and a 200-day simple moving average of $78.67. ProShares Ultra High Yield has a 1 year low of $74.73 and a 1 year high of $80.09.
Institutional Investors Weigh In On ProShares Ultra High Yield
A number of large investors have recently made changes to their positions in the stock. CWM LLC grew its position in shares of ProShares Ultra High Yield by 244.8% in the fourth quarter. CWM LLC now owns 331 shares of the company’s stock valued at $26,000 after purchasing an additional 235 shares in the last quarter. Citadel Advisors LLC grew its position in shares of ProShares Ultra High Yield by 20.1% in the third quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock valued at $392,000 after purchasing an additional 840 shares in the last quarter. Jane Street Group LLC grew its position in shares of ProShares Ultra High Yield by 28.5% in the first quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after purchasing an additional 1,625 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra High Yield in the third quarter valued at approximately $217,000.
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.
Featured Articles
- Five stocks we like better than ProShares Ultra High Yield
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Receive News & Ratings for ProShares Ultra High Yield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra High Yield and related companies with MarketBeat.com's FREE daily email newsletter.
