ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 194 shares, a drop of 93.4% from the July 15th total of 2,933 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 30,338 shares, the short-interest ratio is presently 0.0 days.
Institutional Investors Weigh In On ProShares Ultra High Yield
Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of ProShares Ultra High Yield in the 4th quarter valued at approximately $537,000. Susquehanna International Group LLP bought a new position in ProShares Ultra High Yield during the third quarter worth $217,000. Citadel Advisors LLC lifted its stake in 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 purchasing an additional 840 shares during the last quarter. Finally, CWM LLC boosted its holdings in ProShares Ultra High Yield by 244.8% in the fourth quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after purchasing an additional 235 shares during the period.
ProShares Ultra High Yield Stock Down 0.1%
ProShares Ultra High Yield stock traded down $0.06 during midday trading on Tuesday, hitting $78.65. The stock had a trading volume of 26 shares, compared to its average volume of 16,287. ProShares Ultra High Yield has a 12 month low of $74.75 and a 12 month high of $80.09. The business has a fifty day moving average price of $78.47 and a 200 day moving average price of $78.52.
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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