ProShares Short High Yield (NYSEARCA:SJB) Short Interest Up 63.1% in July

ProShares Short High Yield (NYSEARCA:SJB) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 80,815 shares, an increase of 63.1% from the June 30th total of 49,538 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 88,301 shares, the short-interest ratio is currently 0.9 days.

ProShares Short High Yield Trading Up 0.1%

SJB stock traded up $0.02 during midday trading on Friday, reaching $15.23. 229,050 shares of the company’s stock traded hands, compared to its average volume of 284,463. The company has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $15.31. ProShares Short High Yield has a 52 week low of $15.05 and a 52 week high of $15.71.

Hedge Funds Weigh In On ProShares Short High Yield

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in ProShares Short High Yield in the 2nd quarter worth about $135,000. Simplex Trading LLC increased its position in shares of ProShares Short High Yield by 1,673.5% during the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock valued at $155,000 after buying an additional 9,589 shares during the period. IMC Chicago LLC purchased a new stake in shares of ProShares Short High Yield in the fourth quarter worth about $212,000. Two Sigma Securities LLC purchased a new stake in shares of ProShares Short High Yield in the second quarter worth about $358,000. Finally, HRT Financial LP bought a new position in shares of ProShares Short High Yield in the fourth quarter valued at approximately $235,000.

ProShares Short High Yield Company Profile

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.