ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 614 shares, an increase of 216.5% from the July 30th total of 194 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 12,817 shares, the short-interest ratio is currently 0.0 days.
Institutional Investors Weigh In On ProShares Ultra High Yield
Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of ProShares Ultra High Yield during the fourth quarter valued at approximately $537,000. CWM LLC boosted its position in 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 in the last quarter. Susquehanna International Group LLP bought a new stake in ProShares Ultra High Yield during the 3rd quarter valued at $217,000. Finally, Citadel Advisors LLC increased its holdings in shares of ProShares Ultra High Yield by 20.1% in 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 period.
ProShares Ultra High Yield Stock Performance
Shares of UJB stock traded down $0.29 on Friday, hitting $78.90. The stock had a trading volume of 17 shares, compared to its average volume of 15,336. The business has a 50 day moving average price of $78.57 and a 200 day moving average price of $78.47. ProShares Ultra High Yield has a one year low of $74.75 and a one year high of $80.09.
ProShares Ultra High Yield Company Profile
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.
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