ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Update

ProShares Ultra High Yield (NYSEARCA:UJB) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 106 shares, a drop of 20.3% from the February 26th total of 133 shares. Based on an average daily trading volume, of 18,929 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

ProShares Ultra High Yield Price Performance

Shares of UJB stock traded up $1.31 during trading hours on Tuesday, reaching $76.42. The company’s stock had a trading volume of 297 shares, compared to its average volume of 9,462. ProShares Ultra High Yield has a one year low of $66.66 and a one year high of $80.09. The firm’s fifty day simple moving average is $78.81 and its 200 day simple moving average is $78.59.

ProShares Ultra High Yield Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a $1.1106 dividend. This represents a $4.44 annualized dividend and a yield of 5.8%. This is an increase from ProShares Ultra High Yield’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in shares of ProShares Ultra High Yield in the 4th quarter worth about $537,000. Citadel Advisors LLC increased its position in shares of ProShares Ultra High Yield by 20.1% during the third quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock valued at $392,000 after buying an additional 840 shares during the period. Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra High Yield during the third quarter valued at about $217,000. Finally, CWM LLC raised its stake in ProShares Ultra High Yield by 244.8% in the fourth quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after buying an additional 235 shares in the last quarter.

ProShares Ultra High Yield Company Profile

The ProShares Ultra High Yield (UJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides 2x exposure to a market-value-weighted index of USD-denominated high-yield corporate bonds with remaining maturities between 3 and 15 years. UJB was launched on Apr 13, 2011 and is managed by ProShares.