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

ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 8 shares, a drop of 93.5% from the September 30th total of 123 shares. Based on an average daily trading volume, of 566 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

ProShares Ultra High Yield Stock Up 0.4%

NYSEARCA:UJB traded up $0.28 during trading hours on Monday, hitting $74.09. 14 shares of the company’s stock traded hands, compared to its average volume of 14,054. The stock’s fifty day moving average price is $76.37 and its two-hundred day moving average price is $78.05. ProShares Ultra High Yield has a twelve month low of $73.20 and a twelve month high of $80.09.

About ProShares Ultra High Yield

(Get Free Report)

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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