Short Interest in ProShares Short High Yield (NYSEARCA:SJB) Decreases By 36.3%

ProShares Short High Yield (NYSEARCA:SJB) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 49,538 shares, a decrease of 36.3% from the June 15th total of 77,732 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 103,421 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Short High Yield Stock Performance

NYSEARCA:SJB opened at $15.16 on Friday. The firm has a fifty day simple moving average of $15.27 and a two-hundred day simple moving average of $15.31. ProShares Short High Yield has a 12 month low of $15.05 and a 12 month high of $15.71.

Hedge Funds Weigh In On ProShares Short High Yield

Institutional investors and hedge funds have recently made changes to their positions in the stock. Purpose Unlimited Inc. bought a new stake in ProShares Short High Yield in the 4th quarter valued at about $440,000. Two Sigma Securities LLC bought a new position in ProShares Short High Yield in the second quarter worth approximately $358,000. BNP Paribas Financial Markets boosted its holdings in ProShares Short High Yield by 120.4% in the third quarter. BNP Paribas Financial Markets now owns 19,064 shares of the company’s stock worth $293,000 after acquiring an additional 10,414 shares in the last quarter. HRT Financial LP acquired a new stake in ProShares Short High Yield in the fourth quarter valued at approximately $235,000. Finally, IMC Chicago LLC acquired a new stake in ProShares Short High Yield in the fourth quarter valued at approximately $212,000.

ProShares Short High Yield Company Profile

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.