ProShares Ultra High Yield (NYSEARCA:UJB) Sees Large Decrease in Short Interest

ProShares Ultra High Yield (NYSEARCA:UJB) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 123 shares, a decrease of 84.8% from the September 15th total of 810 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 17,114 shares, the days-to-cover ratio is presently 0.0 days.

ProShares Ultra High Yield Trading Up 0.2%

UJB stock traded up $0.12 during midday trading on Friday, reaching $74.30. 65 shares of the company’s stock traded hands, compared to its average volume of 14,845. The company has a 50-day moving average price of $77.36 and a two-hundred day moving average price of $77.91. ProShares Ultra High Yield has a 52 week low of $73.20 and a 52 week high of $80.09.

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.