ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Down 25.4% in December

ProShares Ultra High Yield (NYSEARCA:UJB) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 88 shares, a drop of 25.4% from the November 30th total of 118 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 18,322 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 18,322 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On ProShares Ultra High Yield

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new stake in ProShares Ultra High Yield during the 3rd quarter valued at $217,000. Citadel Advisors LLC raised its holdings in shares of ProShares Ultra High Yield by 20.1% during the 3rd quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock worth $392,000 after acquiring an additional 840 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in 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 worth $533,000 after buying an additional 1,625 shares during the last quarter.

ProShares Ultra High Yield Stock Performance

ProShares Ultra High Yield stock traded up $0.11 during midday trading on Tuesday, reaching $79.14. The company’s stock had a trading volume of 141 shares, compared to its average volume of 15,037. ProShares Ultra High Yield has a 52 week low of $66.66 and a 52 week high of $79.37. The business has a 50-day moving average price of $78.30 and a 200-day moving average price of $77.64.

ProShares Ultra High Yield Company Profile

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.