ProShares Short High Yield (NYSEARCA:SJB) Short Interest Update

ProShares Short High Yield (NYSEARCA:SJB) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 39,573 shares, a decline of 30.1% from the February 12th total of 56,604 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 131,780 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 131,780 shares, the short-interest ratio is currently 0.3 days. Currently, 1.4% of the company’s shares are short sold.

ProShares Short High Yield Trading Down 0.3%

SJB stock traded down $0.05 during mid-day trading on Monday, hitting $15.53. 153,446 shares of the company were exchanged, compared to its average volume of 274,797. ProShares Short High Yield has a 12-month low of $15.18 and a 12-month high of $16.95. The business has a fifty day simple moving average of $15.29 and a 200-day simple moving average of $15.40.

Hedge Funds Weigh In On ProShares Short High Yield

A number of hedge funds have recently made changes to their positions in SJB. Simplex Trading LLC raised its position in ProShares Short High Yield by 1,193.8% in the second quarter. Simplex Trading LLC now owns 1,669 shares of the company’s stock valued at $26,000 after purchasing an additional 1,540 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of ProShares Short High Yield during the second quarter worth $135,000. IMC Chicago LLC acquired a new stake in shares of ProShares Short High Yield in the fourth quarter valued at $212,000. HRT Financial LP acquired a new stake in shares of ProShares Short High Yield in the fourth quarter valued at $235,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of ProShares Short High Yield in the 2nd quarter valued at $358,000.

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.