ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Large Growth in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,260 shares, a growth of 6,105.1% from the February 26th total of 117 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 13,876 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 13,876 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.8% of the company’s stock are short sold.

ProShares Short SmallCap600 Price Performance

SBB traded down $0.06 on Tuesday, hitting $13.33. The company had a trading volume of 46,188 shares, compared to its average volume of 11,139. The stock has a fifty day moving average price of $12.87 and a 200-day moving average price of $13.47. ProShares Short SmallCap600 has a 12-month low of $12.38 and a 12-month high of $18.64.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new position in shares of ProShares Short SmallCap600 (NYSEARCA:SBB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned approximately 7.64% of ProShares Short SmallCap600 as of its most recent SEC filing.

ProShares Short SmallCap600 Company Profile

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.