Short Interest in ProShares Short SmallCap600 (NYSEARCA:SBB) Rises By 60.3%

ProShares Short SmallCap600 (NYSEARCA:SBB) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 1,855 shares, a growth of 60.3% from the August 15th total of 1,157 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 970 shares, the days-to-cover ratio is presently 1.9 days.

ProShares Short SmallCap600 Trading Up 0.6%

ProShares Short SmallCap600 stock opened at $23.72 on Friday. ProShares Short SmallCap600 has a 1-year low of $21.76 and a 1-year high of $29.56. The firm has a 50 day simple moving average of $22.58 and a 200 day simple moving average of $23.82.

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.