ProShares Short High Yield (NYSEARCA:SJB) Short Interest Update

ProShares Short High Yield (NYSEARCA:SJB) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 11,737 shares, a decrease of 36.6% from the April 15th total of 18,516 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 219,240 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of ProShares Short High Yield

A number of large investors have recently bought and sold shares of SJB. Trek Financial LLC bought a new stake in ProShares Short High Yield in the third quarter valued at $1,908,000. Purpose Unlimited Inc. bought a new stake in ProShares Short High Yield in the fourth quarter valued at $440,000. Two Sigma Securities LLC bought a new stake in ProShares Short High Yield in the second quarter valued at $358,000. HRT Financial LP bought a new stake in ProShares Short High Yield in the fourth quarter valued at $235,000. Finally, IMC Chicago LLC bought a new stake in ProShares Short High Yield in the fourth quarter valued at $212,000.

ProShares Short High Yield Stock Performance

Shares of NYSEARCA SJB traded down $0.01 during trading hours on Monday, reaching $15.43. The stock had a trading volume of 262,196 shares, compared to its average volume of 330,230. The business’s fifty day moving average is $15.41 and its two-hundred day moving average is $15.37. ProShares Short High Yield has a twelve month low of $15.18 and a twelve month high of $16.10.

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.