ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Up 28.4% in December

ProShares Ultra High Yield (NYSEARCA:UJB) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 113 shares, an increase of 28.4% from the December 15th total of 88 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 14,394 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 14,394 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

ProShares Ultra High Yield Stock Performance

Shares of UJB traded down $0.01 during midday trading on Friday, hitting $79.65. The stock had a trading volume of 80 shares, compared to its average volume of 7,780. The business has a 50-day simple moving average of $78.71 and a two-hundred day simple moving average of $77.99. ProShares Ultra High Yield has a fifty-two week low of $66.66 and a fifty-two week high of $79.72.

Hedge Funds Weigh In On ProShares Ultra High Yield

Several institutional investors and hedge funds have recently added to or reduced their stakes in UJB. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra High Yield in the third quarter valued at $217,000. Citadel Advisors LLC boosted its position in 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 during the period. Finally, Jane Street Group LLC grew its stake in ProShares Ultra High Yield by 28.5% during the 1st quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after acquiring an additional 1,625 shares in 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.