ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Update

ProShares Ultra High Yield (NYSEARCA:UJB) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 106 shares, a drop of 20.3% from the February 26th total of 133 shares. Based on an average daily volume of 18,929 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Ultra High Yield

A number of institutional investors and hedge funds have recently bought and sold shares of UJB. Jane Street Group LLC acquired a new position in shares of ProShares Ultra High Yield in the 4th quarter worth approximately $537,000. Susquehanna International Group LLP acquired a new stake in ProShares Ultra High Yield during the third quarter valued at approximately $217,000. Citadel Advisors LLC lifted its stake in ProShares Ultra High Yield by 20.1% during the third quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock valued at $392,000 after purchasing an additional 840 shares during the last quarter. Finally, CWM LLC boosted its holdings in ProShares Ultra High Yield by 244.8% during the fourth quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after buying an additional 235 shares in the last quarter.

ProShares Ultra High Yield Price Performance

UJB opened at $76.54 on Wednesday. The stock’s fifty day moving average is $78.76 and its 200-day moving average is $78.58. ProShares Ultra High Yield has a one year low of $66.66 and a one year high of $80.09.

ProShares Ultra High Yield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a $1.1106 dividend. This represents a $4.44 annualized dividend and a yield of 5.8%. This is a boost from ProShares Ultra High Yield’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 25th.

About ProShares Ultra High Yield

The ProShares Ultra High Yield (UJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides 2x exposure to a market-value-weighted index of USD-denominated high-yield corporate bonds with remaining maturities between 3 and 15 years. UJB was launched on Apr 13, 2011 and is managed by ProShares.