Short Interest in ProShares Short SmallCap600 (NYSEARCA:SBB) Expands By 49.9%

ProShares Short SmallCap600 (NYSEARCA:SBBGet Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 10,885 shares, a growth of 49.9% from the March 15th total of 7,260 shares. Based on an average daily volume of 26,033 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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:SBBFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 at the end of the most recent quarter.

ProShares Short SmallCap600 Stock Performance

SBB stock opened at $12.43 on Thursday. ProShares Short SmallCap600 has a 1-year low of $12.35 and a 1-year high of $17.78. The company’s 50 day moving average is $12.92 and its 200 day moving average is $13.36.

ProShares Short SmallCap600 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a $0.0749 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.30 annualized dividend and a dividend yield of 2.4%.

About ProShares Short SmallCap600

(Get Free Report)

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.

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