ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 120 shares, a growth of 160.9% from the May 14th total of 46 shares. Based on an average daily trading volume, of 7,401 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are sold short.
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 purchased a new stake in shares of ProShares Short SmallCap600 (NYSEARCA:SBB – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 reporting period.
ProShares Short SmallCap600 Price Performance
Shares of SBB traded down $0.24 during mid-day trading on Friday, hitting $22.95. 1,469 shares of the company’s stock traded hands, compared to its average volume of 5,010. ProShares Short SmallCap600 has a 1 year low of $22.85 and a 1 year high of $31.62. The business’s 50-day moving average price is $24.29 and its 200-day moving average price is $25.58.
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.
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