ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Update

ProShares Ultra High Yield (NYSEARCA:UJB) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 614 shares, a growth of 216.5% from the July 30th total of 194 shares. Based on an average daily trading volume, of 12,817 shares, the short-interest ratio is presently 0.0 days. Approximately 0.5% of the shares of the company are sold short.

ProShares Ultra High Yield Stock Performance

Shares of NYSEARCA UJB traded down $0.39 during midday trading on Friday, reaching $78.90. 17 shares of the company were exchanged, compared to its average volume of 15,429. ProShares Ultra High Yield has a 1 year low of $74.75 and a 1 year high of $80.09. The stock has a fifty day simple moving average of $78.57 and a 200 day simple moving average of $78.46.

Institutional Trading of ProShares Ultra High Yield

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings 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 during the period. Citadel Advisors LLC lifted its holdings in shares of ProShares Ultra High Yield by 20.1% during the third quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock worth $392,000 after purchasing an additional 840 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of ProShares Ultra High Yield during the third quarter worth $217,000. Finally, CWM LLC grew its position in ProShares Ultra High Yield by 244.8% in the 4th quarter. CWM LLC now owns 331 shares of the company’s stock valued at $26,000 after buying an additional 235 shares during the last quarter.

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.