ProShares Short High Yield (NYSEARCA:SJB) Sees Large Decline in Short Interest

by · The Markets Daily

ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 77,732 shares, a decrease of 37.6% from the May 31st total of 124,479 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 207,193 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On ProShares Short High Yield

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new stake in ProShares Short High Yield in the second quarter valued at about $135,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of ProShares Short High Yield during the first quarter worth about $147,000. Simplex Trading LLC increased its holdings in shares of ProShares Short High Yield by 1,673.5% during the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock valued at $155,000 after acquiring an additional 9,589 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of ProShares Short High Yield in the 1st quarter valued at approximately $155,000. Finally, Bravias Capital Group LLC purchased a new position in shares of ProShares Short High Yield in the 1st quarter valued at approximately $162,000.

ProShares Short High Yield Stock Performance

NYSEARCA SJB remained flat at $15.13 during trading hours on Friday. The company had a trading volume of 73,380 shares, compared to its average volume of 312,533. ProShares Short High Yield has a 52 week low of $15.11 and a 52 week high of $15.76. The stock has a 50 day moving average price of $15.31 and a 200 day moving average price of $15.33.

About ProShares Short High Yield

(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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