ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 112,885 shares, an increase of 861.8% from the April 30th total of 11,737 shares. Based on an average trading volume of 175,643 shares, the short-interest ratio is currently 0.6 days. Currently, 1.7% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bravias Capital Group LLC bought a new position in ProShares Short High Yield in the first quarter valued at about $162,000. Private Advisor Group LLC bought a new position in ProShares Short High Yield in the first quarter valued at about $155,000. Merkkuri Wealth Advisors LLC bought a new position in shares of ProShares Short High Yield in the 1st quarter valued at $147,000. Purpose Unlimited Inc. bought a new position in shares of ProShares Short High Yield in the 4th quarter valued at $440,000. Finally, HRT Financial LP bought a new position in shares of ProShares Short High Yield in the 4th quarter valued at $235,000.
ProShares Short High Yield Stock Performance
Shares of ProShares Short High Yield stock traded down $0.02 on Friday, reaching $15.29. 331,179 shares of the stock were exchanged, compared to its average volume of 348,708. The firm’s 50 day moving average is $15.38 and its 200-day moving average is $15.36. ProShares Short High Yield has a one year low of $15.18 and a one year high of $16.00.
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.
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