ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 194 shares, a drop of 93.4% from the July 15th total of 2,933 shares. Based on an average daily volume of 30,338 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short.
ProShares Ultra High Yield Price Performance
UJB traded up $0.21 on Wednesday, reaching $78.86. The company had a trading volume of 26 shares, compared to its average volume of 16,287. The stock has a 50-day moving average price of $78.47 and a 200-day moving average price of $78.52. ProShares Ultra High Yield has a 1 year low of $74.75 and a 1 year high of $80.09.
Institutional Trading of ProShares Ultra High Yield
Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in 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 acquiring an additional 1,625 shares during the period. Citadel Advisors LLC grew its position in 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 buying an additional 840 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of ProShares Ultra High Yield in the 3rd quarter worth approximately $217,000. Finally, CWM LLC increased its stake in ProShares Ultra High Yield by 244.8% in the 4th quarter. CWM LLC now owns 331 shares of the company’s stock valued at $26,000 after purchasing an additional 235 shares in the last quarter.
ProShares Ultra High Yield Company Profile
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.
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