ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Update

ProShares Ultra High Yield (NYSEARCA:UJB) was the target of a significant 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. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 18,080 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On ProShares Ultra High Yield

A number of hedge funds have recently made changes to their positions in UJB. Jane Street Group LLC bought a new position in ProShares Ultra High Yield during the fourth quarter worth about $537,000. Susquehanna International Group LLP bought a new position in ProShares Ultra High Yield during the third quarter worth about $217,000. Citadel Advisors LLC lifted its stake in ProShares Ultra High Yield by 20.1% during 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, CWM LLC lifted its stake in ProShares Ultra High Yield by 244.8% during the fourth quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after purchasing an additional 235 shares during the period.

ProShares Ultra High Yield Trading Down 0.9%

Shares of UJB stock traded down $0.70 during mid-day trading on Friday, reaching $77.53. The company’s stock had a trading volume of 1,447 shares, compared to its average volume of 14,669. ProShares Ultra High Yield has a 1-year low of $73.38 and a 1-year high of $80.09. The firm’s 50-day moving average is $77.92 and its two-hundred day moving average is $78.60.

ProShares Ultra High Yield Company Profile

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.