ProShares Short High Yield (NYSEARCA:SJB) Sees Significant Decline in Short Interest

ProShares Short High Yield (NYSEARCA:SJB) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 19,621 shares, a drop of 42.8% from the December 15th total of 34,307 shares. Based on an average daily volume of 100,136 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 100,136 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On ProShares Short High Yield

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in shares of ProShares Short High Yield by 120.4% in the third quarter. BNP Paribas Financial Markets now owns 19,064 shares of the company’s stock worth $293,000 after buying an additional 10,414 shares during the last quarter. Trek Financial LLC acquired a new position in ProShares Short High Yield in the third quarter valued at approximately $1,908,000. Csenge Advisory Group boosted its position in ProShares Short High Yield by 45.1% in the 3rd quarter. Csenge Advisory Group now owns 1,481,348 shares of the company’s stock worth $22,776,000 after purchasing an additional 460,525 shares in the last quarter. Two Sigma Securities LLC purchased a new position in ProShares Short High Yield in the second quarter valued at $358,000. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in ProShares Short High Yield during the second quarter worth approximately $8,942,000.

ProShares Short High Yield Trading Down 0.0%

Shares of ProShares Short High Yield stock traded down $0.01 on Friday, reaching $15.23. 76,477 shares of the stock were exchanged, compared to its average volume of 139,792. The business has a 50 day moving average price of $15.39 and a two-hundred day moving average price of $15.49. ProShares Short High Yield has a twelve month low of $15.18 and a twelve month high of $16.95.

About ProShares Short High Yield

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.