ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 144,317 shares, an increase of 134.3% from the July 30th total of 61,600 shares. Based on an average daily volume of 59,627 shares, the days-to-cover ratio is currently 2.4 days. Approximately 4.6% of the company’s stock are sold short.
ProShares Short High Yield Stock Up 0.2%
ProShares Short High Yield stock traded up $0.03 during midday trading on Friday, reaching $15.16. The company’s stock had a trading volume of 150,615 shares, compared to its average volume of 260,016. ProShares Short High Yield has a fifty-two week low of $15.05 and a fifty-two week high of $15.71. The business has a 50-day simple moving average of $15.17 and a 200-day simple moving average of $15.30.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in shares of ProShares Short High Yield during the 2nd quarter worth $135,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of ProShares Short High Yield in the first quarter valued at approximately $147,000. Simplex Trading LLC lifted its stake in shares of ProShares Short High Yield by 1,673.5% during the 4th quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock worth $155,000 after purchasing an additional 9,589 shares during the period. Private Advisor Group LLC purchased a new position in ProShares Short High Yield during the first quarter worth about $155,000. Finally, Bravias Capital Group LLC purchased a new position in shares of ProShares Short High Yield during the 1st quarter worth about $162,000.
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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