ProShares Short High Yield (NYSEARCA:SJB) Short Interest Up 63.1% in July

by · The Cerbat Gem

ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 80,815 shares, a growth of 63.1% from the June 30th total of 49,538 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 88,301 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On ProShares Short High Yield

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in ProShares Short High Yield during the second quarter worth about $135,000. Merkkuri Wealth Advisors LLC bought a new position in shares of ProShares Short High Yield during the 1st quarter valued at about $147,000. Simplex Trading LLC increased its position 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 valued at $155,000 after purchasing an additional 9,589 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of ProShares Short High Yield during the 1st quarter valued at about $155,000. Finally, Bravias Capital Group LLC purchased a new position in shares of ProShares Short High Yield during the 1st quarter valued at about $162,000.

ProShares Short High Yield Stock Performance

Shares of ProShares Short High Yield stock traded up $0.02 on Friday, hitting $15.23. 229,050 shares of the company traded hands, compared to its average volume of 284,463. ProShares Short High Yield has a 12-month low of $15.05 and a 12-month high of $15.71. The firm’s 50-day simple moving average is $15.24 and its 200 day simple moving average is $15.31.

ProShares Short High Yield Company Profile

(Get Free Report)

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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