ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 112,885 shares, an increase of 861.8% from the April 30th total of 11,737 shares. Based on an average daily volume of 175,643 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.7% of the shares of the stock are sold short.
Institutional Investors Weigh In On ProShares Short High Yield
Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in shares of ProShares Short High Yield in the 2nd quarter worth approximately $135,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of ProShares Short High Yield in the 1st quarter worth approximately $147,000. Private Advisor Group LLC bought a new stake in shares of ProShares Short High Yield in the 1st quarter worth approximately $155,000. Simplex Trading LLC lifted its holdings in shares of ProShares Short High Yield by 1,673.5% in the 4th quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock worth $155,000 after acquiring an additional 9,589 shares during the last quarter. Finally, Bravias Capital Group LLC bought a new stake in shares of ProShares Short High Yield in the 1st quarter worth approximately $162,000.
ProShares Short High Yield Trading Down 0.1%
Shares of ProShares Short High Yield stock opened at $15.29 on Friday. ProShares Short High Yield has a 1 year low of $15.18 and a 1 year high of $16.00. The company has a 50 day simple moving average of $15.38 and a two-hundred day simple moving average of $15.36.
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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