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

ProShares Short High Yield (NYSEARCA:SJB) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 76,841 shares, a decline of 46.8% from the August 15th total of 144,317 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 108,968 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of ProShares Short High Yield

Large investors have recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC bought a new position in shares of ProShares Short High Yield in the first quarter valued at about $147,000. Private Advisor Group LLC acquired a new stake in ProShares Short High Yield in the 1st quarter valued at about $155,000. Bravias Capital Group LLC bought a new position in shares of ProShares Short High Yield in the first quarter worth about $162,000. Finally, Purpose Unlimited Inc. acquired a new position in shares of ProShares Short High Yield during the fourth quarter worth approximately $440,000.

ProShares Short High Yield Stock Performance

Shares of NYSEARCA:SJB traded up $0.04 during trading on Tuesday, reaching $15.35. The stock had a trading volume of 145,670 shares, compared to its average volume of 252,207. ProShares Short High Yield has a 52 week low of $15.05 and a 52 week high of $15.71. The business’s 50-day moving average price is $15.18 and its 200 day moving average price is $15.29.

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.