ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 11,737 shares, a decrease of 36.6% from the April 15th total of 18,516 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 219,240 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in shares of ProShares Short High Yield during the second quarter worth approximately $135,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of ProShares Short High Yield during the first quarter worth approximately $147,000. Simplex Trading LLC lifted its holdings in shares of ProShares Short High Yield by 1,673.5% during the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock worth $155,000 after buying an additional 9,589 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of ProShares Short High Yield during the first quarter worth approximately $155,000. Finally, Bravias Capital Group LLC acquired a new position in shares of ProShares Short High Yield during the first quarter worth approximately $162,000.
ProShares Short High Yield Stock Down 0.1%
ProShares Short High Yield stock traded down $0.01 during trading hours on Monday, reaching $15.43. 262,196 shares of the company were exchanged, compared to its average volume of 330,230. The stock has a 50-day moving average of $15.41 and a 200 day moving average of $15.37. ProShares Short High Yield has a 12 month low of $15.18 and a 12 month high of $16.10.
ProShares Short High Yield Company Profile
The Proshares Short High Yield (SJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides inverse exposure, reset daily, to a modified market-value-weighted index comprising US-dollar-denominated corporate high-yield bonds with maturities between 3 and 15 years. SJB was launched on Mar 21, 2011 and is managed by ProShares.
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