ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 144,317 shares, an increase of 134.3% from the July 30th total of 61,600 shares. Currently, 4.6% of the company’s stock are short sold. Based on an average daily volume of 59,627 shares, the days-to-cover ratio is currently 2.4 days.
Hedge Funds Weigh In On ProShares Short High Yield
A number of hedge funds and other institutional investors have recently bought and sold shares of SJB. Purpose Unlimited Inc. bought a new position in shares of ProShares Short High Yield during the fourth quarter worth about $440,000. Two Sigma Securities LLC bought a new stake in ProShares Short High Yield during the second quarter worth approximately $358,000. HRT Financial LP bought a new stake in shares of ProShares Short High Yield during the 4th quarter worth $235,000. IMC Chicago LLC purchased a new position in ProShares Short High Yield in the 4th quarter worth about $212,000. Finally, Bravias Capital Group LLC acquired a new stake in shares of ProShares Short High Yield during the first quarter valued at approximately $162,000.
ProShares Short High Yield Stock Performance
ProShares Short High Yield stock traded up $0.03 during midday trading on Friday, hitting $15.16. 150,615 shares of the stock were exchanged, compared to its average volume of 260,016. ProShares Short High Yield has a 1 year low of $15.05 and a 1 year high of $15.71. The company has a 50 day moving average price of $15.17 and a two-hundred day moving average price of $15.30.
About ProShares Short High Yield
The Proshares Short High Yield (SJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides inverse exposure, reset daily, to a modified market-value-weighted index comprising US-dollar-denominated corporate high-yield bonds with maturities between 3 and 15 years. SJB was launched on Mar 21, 2011 and is managed by ProShares.
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