ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Significant Decrease in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 1,770 shares, a decline of 93.2% from the November 30th total of 26,137 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 2,688 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 2,688 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On ProShares Short SmallCap600

A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new position in ProShares Short SmallCap600 (NYSEARCA:SBB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned about 7.64% of ProShares Short SmallCap600 at the end of the most recent reporting period.

ProShares Short SmallCap600 Trading Down 1.0%

Shares of ProShares Short SmallCap600 stock traded down $0.13 during trading on Wednesday, reaching $13.30. 400 shares of the stock traded hands, compared to its average volume of 4,517. The business has a fifty day simple moving average of $13.83 and a two-hundred day simple moving average of $14.29. ProShares Short SmallCap600 has a 52-week low of $13.20 and a 52-week high of $18.64.

About ProShares Short SmallCap600

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.