ProShares Short SmallCap600 (NYSEARCA:SBB) Short Interest Update

ProShares Short SmallCap600 (NYSEARCA:SBB) saw a significant growth in short interest during the month of 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. Approximately 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 26,033 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Short SmallCap600 Stock Performance

SBB stock traded up $0.03 during mid-day trading on Wednesday, reaching $12.43. The company had a trading volume of 3,170 shares, compared to its average volume of 12,501. ProShares Short SmallCap600 has a one year low of $12.35 and a one year high of $17.78. The stock’s 50-day simple moving average is $12.92 and its two-hundred day simple moving average is $13.36.

ProShares Short SmallCap600 Cuts Dividend

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

Institutional Investors Weigh In On ProShares Short SmallCap600

A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new stake in shares of ProShares Short SmallCap600 (NYSEARCA:SBB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 as of its most recent SEC filing.

About ProShares Short SmallCap600

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.