ProShares Short High Yield (NYSEARCA:SJB) Short Interest Down 37.6% in June

ProShares Short High Yield (NYSEARCA:SJB) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 77,732 shares, a decline of 37.6% from the May 31st total of 124,479 shares. Based on an average trading volume of 207,193 shares, the short-interest ratio is presently 0.4 days. Approximately 1.2% of the shares of the company are sold short.

Institutional Investors Weigh In On ProShares Short High Yield

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of ProShares Short High Yield during the second quarter worth about $135,000. Merkkuri Wealth Advisors LLC acquired a new position in ProShares Short High Yield in the 1st quarter valued at about $147,000. Simplex Trading LLC raised its stake in ProShares Short High Yield by 1,673.5% during the 4th quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock valued at $155,000 after acquiring an additional 9,589 shares during the last quarter. Private Advisor Group LLC acquired a new stake in ProShares Short High Yield during the 1st quarter worth approximately $155,000. Finally, Bravias Capital Group LLC acquired a new stake in shares of ProShares Short High Yield during the first quarter worth $162,000.

ProShares Short High Yield Stock Performance

NYSEARCA SJB traded down $0.01 during trading hours on Thursday, hitting $15.13. The company had a trading volume of 46,563 shares, compared to its average volume of 312,265. ProShares Short High Yield has a 1-year low of $15.11 and a 1-year high of $15.76. The business has a 50 day moving average of $15.31 and a 200-day moving average of $15.33.

About ProShares Short High Yield

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.