Short Interest in ProShares Ultra High Yield (NYSEARCA:UJB) Decreases By 91.8%

ProShares Ultra High Yield (NYSEARCA:UJB) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 48 shares, a decline of 91.8% from the April 30th total of 584 shares. Based on an average daily volume of 18,468 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

ProShares Ultra High Yield Trading Up 0.3%

UJB stock traded up $0.22 during trading on Friday, hitting $78.96. The stock had a trading volume of 334 shares, compared to its average volume of 14,841. The company’s 50 day moving average price is $77.95 and its two-hundred day moving average price is $78.62. ProShares Ultra High Yield has a 1-year low of $74.49 and a 1-year high of $80.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC increased its stake in shares of ProShares Ultra High Yield by 244.8% during the 4th quarter. CWM LLC now owns 331 shares of the company’s stock valued at $26,000 after acquiring an additional 235 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of ProShares Ultra High Yield by 20.1% during the 3rd quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock valued at $392,000 after acquiring an additional 840 shares during the last quarter. Jane Street Group LLC increased its stake in shares of ProShares Ultra High Yield by 28.5% during the 1st quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after acquiring an additional 1,625 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of ProShares Ultra High Yield during the 3rd quarter valued at about $217,000.

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.