ProShares Short SmallCap600 (NYSEARCA:SBB) Short Interest Update

ProShares Short SmallCap600 (NYSEARCA:SBB) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,246 shares, an increase of 510.8% from the July 15th total of 204 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 701 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On ProShares Short SmallCap600

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP bought a new position in ProShares Short SmallCap600 (NYSEARCA:SBB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned about 7.64% of ProShares Short SmallCap600 at the end of the most recent reporting period.

ProShares Short SmallCap600 Stock Performance

NYSEARCA SBB opened at $22.00 on Friday. The stock’s 50-day simple moving average is $22.60 and its two-hundred day simple moving average is $24.27. 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.