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

ProShares Short High Yield (NYSEARCA:SJB) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 49,538 shares, a decrease of 36.3% from the June 15th total of 77,732 shares. Based on an average daily volume of 103,421 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.4% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares Short High Yield

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in shares of ProShares Short High Yield during the 2nd quarter valued at $135,000. Two Sigma Securities LLC acquired a new position in ProShares Short High Yield in the second quarter valued at $358,000. IMC Chicago LLC acquired a new position in ProShares Short High Yield in the fourth quarter valued at $212,000. Simplex Trading LLC grew its position in ProShares Short High Yield by 1,673.5% during the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock valued at $155,000 after acquiring an additional 9,589 shares during the period. Finally, HRT Financial LP purchased a new stake in ProShares Short High Yield during the fourth quarter valued at about $235,000.

ProShares Short High Yield Stock Performance

NYSEARCA SJB traded up $0.01 during trading hours on Friday, hitting $15.15. 61,833 shares of the company’s stock were exchanged, compared to its average volume of 295,903. ProShares Short High Yield has a 12-month low of $15.05 and a 12-month high of $15.71. The business’s 50 day moving average is $15.27 and its 200-day moving average is $15.31.

ProShares Short High Yield Company Profile

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.