ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 614 shares, an increase of 216.5% from the July 30th total of 194 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 12,817 shares, the days-to-cover ratio is presently 0.0 days.
ProShares Ultra High Yield Trading Down 0.1%
Shares of NYSEARCA:UJB traded down $0.10 during trading on Thursday, hitting $79.19. 529 shares of the company’s stock traded hands, compared to its average volume of 15,429. The company has a 50-day moving average price of $78.57 and a 200-day moving average price of $78.47. ProShares Ultra High Yield has a 52 week low of $74.75 and a 52 week high of $80.09.
Institutional Investors Weigh In On ProShares Ultra High Yield
Large investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in ProShares Ultra High Yield in the 4th quarter valued at $537,000. CWM LLC boosted its position in shares of ProShares Ultra High Yield by 244.8% during the fourth quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after buying an additional 235 shares during the period. Susquehanna International Group LLP bought a new position in shares of ProShares Ultra High Yield during the third quarter worth about $217,000. Finally, Citadel Advisors LLC grew its holdings 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 worth $392,000 after buying an additional 840 shares in the last quarter.
About ProShares Ultra High Yield
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.
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