ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 194 shares, a drop of 93.4% from the July 15th total of 2,933 shares. Based on an average daily volume of 30,338 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Trading of ProShares Ultra High Yield
Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of ProShares Ultra High Yield during the fourth quarter worth $537,000. CWM LLC grew its holdings in ProShares Ultra High Yield by 244.8% during the 4th quarter. CWM LLC now owns 331 shares of the company’s stock valued at $26,000 after purchasing an additional 235 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in ProShares Ultra High Yield during the 3rd quarter valued at $217,000. Finally, Citadel Advisors LLC increased its stake in ProShares Ultra High Yield by 20.1% during the 3rd quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock worth $392,000 after buying an additional 840 shares during the period.
ProShares Ultra High Yield Trading Up 0.7%
Shares of UJB traded up $0.52 during midday trading on Thursday, reaching $79.17. 31 shares of the company were exchanged, compared to its average volume of 16,182. ProShares Ultra High Yield has a 1-year low of $74.75 and a 1-year high of $80.09. The stock has a 50-day moving average price of $78.48 and a 200-day moving average price of $78.51.
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.
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