ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Large Decrease in Short Interest
by Renee Jackson · The Cerbat GemProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 547 shares, a decrease of 95.0% from the March 31st total of 10,885 shares. Based on an average daily trading volume, of 12,377 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.2% of the shares of the company are short sold.
ProShares Short SmallCap600 Trading Down 0.7%
SBB stock traded down $0.08 during trading on Friday, reaching $12.06. 1,902 shares of the company’s stock were exchanged, compared to its average volume of 11,609. ProShares Short SmallCap600 has a 1-year low of $12.00 and a 1-year high of $16.87. The company’s fifty day moving average price is $12.87 and its 200-day moving average price is $13.28.
Institutional Trading of ProShares Short SmallCap600
An institutional investor recently bought a new position 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 filing with the Securities and Exchange Commission (SEC). The firm acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned approximately 7.64% of ProShares Short SmallCap600 at the end of the most recent reporting period.
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.