ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,246 shares, an increase of 510.8% from the July 15th total of 204 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 701 shares, the days-to-cover ratio is presently 1.8 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new position in shares of ProShares Short SmallCap600 (NYSEARCA:SBB – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned 7.64% of ProShares Short SmallCap600 as of its most recent SEC filing.
ProShares Short SmallCap600 Stock Performance
Shares of NYSEARCA SBB traded down $0.08 during midday trading on Thursday, hitting $21.96. The stock had a trading volume of 7,137 shares, compared to its average volume of 3,877. ProShares Short SmallCap600 has a 1-year low of $21.76 and a 1-year high of $29.56. The company has a fifty day moving average price of $22.63 and a 200 day moving average price of $24.30.
ProShares Short SmallCap600 Company Profile
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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