ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 584 shares, a decline of 74.3% from the April 15th total of 2,273 shares. Based on an average trading volume of 18,080 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the shares of the company are short sold.
ProShares Ultra High Yield Trading Up 0.1%
ProShares Ultra High Yield stock traded up $0.06 during midday trading on Wednesday, reaching $78.33. The stock had a trading volume of 66,558 shares, compared to its average volume of 14,975. ProShares Ultra High Yield has a 12 month low of $73.38 and a 12 month high of $80.09. The firm’s 50-day moving average price is $77.97 and its 200 day moving average price is $78.61.
Institutional Trading of ProShares Ultra High Yield
A number of institutional investors have recently added to or reduced their stakes in UJB. CWM LLC boosted its stake in ProShares Ultra High Yield by 244.8% in the 4th quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after purchasing an additional 235 shares during the period. Susquehanna International Group LLP bought a new position in shares of ProShares Ultra High Yield in the third quarter worth $217,000. Citadel Advisors LLC increased its holdings in shares of ProShares Ultra High Yield by 20.1% in the third quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock worth $392,000 after purchasing an additional 840 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of ProShares Ultra High Yield by 28.5% during the first quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock worth $533,000 after purchasing an additional 1,625 shares in the last quarter.
About ProShares Ultra High Yield
The ProShares Ultra High Yield (UJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides 2x exposure to a market-value-weighted index of USD-denominated high-yield corporate bonds with remaining maturities between 3 and 15 years. UJB was launched on Apr 13, 2011 and is managed by ProShares.
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