ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 46 shares, a decline of 78.6% from the December 31st total of 215 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,322 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 3,322 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
ProShares Short SmallCap600 Price Performance
SBB traded up $0.09 during trading on Friday, hitting $12.94. The stock had a trading volume of 295 shares, compared to its average volume of 7,675. The stock has a 50 day simple moving average of $13.32 and a two-hundred day simple moving average of $13.92. ProShares Short SmallCap600 has a twelve month low of $12.46 and a twelve month high of $18.64.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP purchased a new stake in ProShares Short SmallCap600 (NYSEARCA:SBB – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities & Exchange Commission.
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.
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