ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Up 1,763.1% in April

ProShares Ultra High Yield (NYSEARCA:UJB) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 2,273 shares, a growth of 1,763.1% from the March 31st total of 122 shares. Based on an average daily volume of 39,578 shares, the short-interest ratio is currently 0.1 days. Approximately 1.1% of the shares of the stock are short sold.

ProShares Ultra High Yield Price Performance

Shares of UJB stock traded up $0.15 during trading hours on Friday, reaching $78.77. 195 shares of the company were exchanged, compared to its average volume of 13,872. ProShares Ultra High Yield has a fifty-two week low of $72.56 and a fifty-two week high of $80.09. The stock’s fifty day moving average is $78.26 and its two-hundred day moving average is $78.53.

Hedge Funds Weigh In On ProShares Ultra High Yield

Large investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in shares of ProShares Ultra High Yield by 28.5% during the first quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock worth $533,000 after purchasing an additional 1,625 shares in the last quarter. Citadel Advisors LLC lifted its position 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 in the last quarter. Susquehanna International Group LLP acquired a new position in shares of ProShares Ultra High Yield during the third quarter worth approximately $217,000. Finally, CWM LLC lifted its position in shares of ProShares Ultra High Yield by 244.8% during the fourth quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after purchasing an additional 235 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.