ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,246 shares, an increase of 510.8% from the July 15th total of 204 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 701 shares, the short-interest ratio is currently 1.8 days.
ProShares Short SmallCap600 Price Performance
ProShares Short SmallCap600 stock remained flat at $22.13 during trading hours on Wednesday. The company’s stock had a trading volume of 10 shares, compared to its average volume of 3,880. ProShares Short SmallCap600 has a 52-week low of $21.76 and a 52-week high of $29.61. The firm has a 50 day moving average price of $22.67 and a 200-day moving average price of $24.32.
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 ProShares Short SmallCap600 (NYSEARCA:SBB – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned 7.64% of ProShares Short SmallCap600 as of its most recent filing with the Securities and Exchange Commission (SEC).
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.
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