ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,700 shares, an increase of 5,525.0% from the May 14th total of 48 shares. Based on an average daily trading volume, of 16,623 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.5% of the shares of the stock are short sold.
Institutional Investors Weigh In On ProShares Ultra High Yield
A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in ProShares Ultra High Yield during the fourth quarter worth $537,000. Citadel Advisors LLC raised its stake in shares of ProShares Ultra High Yield by 20.1% during the 3rd 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 last quarter. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra High Yield in the 3rd quarter worth about $217,000. Finally, CWM LLC boosted its position in shares of ProShares Ultra High Yield by 244.8% in the 4th quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after buying an additional 235 shares in the last quarter.
ProShares Ultra High Yield Trading Up 0.2%
UJB stock traded up $0.17 on Tuesday, reaching $78.28. 4,119 shares of the company’s stock were exchanged, compared to its average volume of 15,112. The stock has a fifty day moving average of $78.23 and a 200-day moving average of $78.67. ProShares Ultra High Yield has a twelve month low of $74.73 and a twelve month high of $80.09.
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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