Short Interest in ProShares Short SmallCap600 (NYSEARCA:SBB) Declines By 76.7%

ProShares Short SmallCap600 (NYSEARCA:SBB) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 28 shares, a decrease of 76.7% from the May 31st total of 120 shares. Based on an average daily trading volume, of 1,042 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

ProShares Short SmallCap600 Trading Down 1.0%

Shares of NYSEARCA:SBB opened at $22.16 on Friday. ProShares Short SmallCap600 has a 52-week low of $22.16 and a 52-week high of $30.96. The business’s 50 day simple moving average is $23.77 and its two-hundred day simple moving average is $25.26.

Hedge Funds Weigh In On ProShares Short SmallCap600

An institutional investor recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP bought a new position in ProShares Short SmallCap600 (NYSEARCA:SBB) during the third quarter, according to its most recent filing with the SEC. The firm bought 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned approximately 7.64% of ProShares Short SmallCap600 as of its most recent SEC filing.

About ProShares Short SmallCap600

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.