ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 46 shares, a decline of 56.6% from the April 30th total of 106 shares. Based on an average daily trading volume, of 5,621 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
ProShares Short SmallCap600 Price Performance
NYSEARCA:SBB traded up $0.12 during trading hours on Friday, hitting $23.75. 519 shares of the stock were exchanged, compared to its average volume of 5,400. The firm’s fifty day moving average price is $24.92 and its 200 day moving average price is $25.93. ProShares Short SmallCap600 has a 52-week low of $23.48 and a 52-week high of $31.82.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new stake in ProShares Short SmallCap600 (NYSEARCA:SBB – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned about 7.64% of ProShares Short SmallCap600 as of its most recent filing with the SEC.
About ProShares Short SmallCap600
ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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