Short Interest in ProShares Short SmallCap600 (NYSEARCA:SBB) Increases By 827.3%

ProShares Short SmallCap600 (NYSEARCA:SBB) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 204 shares, a growth of 827.3% from the June 30th total of 22 shares. Based on an average trading volume of 1,083 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

ProShares Short SmallCap600 Price Performance

Shares of NYSEARCA SBB opened at $22.65 on Monday. ProShares Short SmallCap600 has a 12 month low of $21.91 and a 12 month high of $30.96. The firm’s 50 day simple moving average is $23.08 and its 200-day simple moving average is $24.62.

Institutional Trading of ProShares Short SmallCap600

A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new stake in ProShares Short SmallCap600 (NYSEARCA:SBB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 filing with the Securities and Exchange Commission (SEC).

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.