ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Large Growth in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 1,855 shares, a growth of 60.3% from the August 15th total of 1,157 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 970 shares, the days-to-cover ratio is presently 1.9 days.

ProShares Short SmallCap600 Stock Performance

Shares of SBB traded down $0.01 during midday trading on Thursday, hitting $23.57. The stock had a trading volume of 841 shares, compared to its average volume of 3,485. The company has a 50 day simple moving average of $22.53 and a two-hundred day simple moving average of $23.83. ProShares Short SmallCap600 has a twelve month low of $21.76 and a twelve month high of $29.56.

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.