ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 77,732 shares, a decrease of 37.6% from the May 31st total of 124,479 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 207,193 shares, the short-interest ratio is currently 0.4 days.
ProShares Short High Yield Stock Down 0.1%
Shares of SJB stock traded down $0.01 during trading hours on Thursday, hitting $15.13. The company’s stock had a trading volume of 46,563 shares, compared to its average volume of 312,265. The business has a fifty day moving average of $15.31 and a 200-day moving average of $15.33. ProShares Short High Yield has a twelve month low of $15.11 and a twelve month high of $15.76.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SJB. BNP Paribas Financial Markets purchased a new position in ProShares Short High Yield during the second quarter worth about $135,000. Merkkuri Wealth Advisors LLC acquired a new stake in ProShares Short High Yield in the 1st quarter worth about $147,000. Simplex Trading LLC grew its holdings in 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 valued at $155,000 after buying an additional 9,589 shares during the period. Private Advisor Group LLC purchased a new stake in ProShares Short High Yield in the 1st quarter valued at about $155,000. Finally, Bravias Capital Group LLC acquired a new position in shares of ProShares Short High Yield during the 1st quarter valued at about $162,000.
About ProShares Short High Yield
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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