ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Significant Increase in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,855 shares, an increase of 60.3% from the August 15th total of 1,157 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 970 shares, the days-to-cover ratio is currently 1.9 days.

ProShares Short SmallCap600 Price Performance

Shares of NYSEARCA:SBB opened at $23.57 on Friday. The company’s fifty day moving average is $22.56 and its two-hundred day moving average is $23.82. ProShares Short SmallCap600 has a 12-month low of $21.76 and a 12-month high of $29.56.

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ProShares Short SmallCap600 Company Profile

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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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