Short Interest in ProShares Short High Yield (NYSEARCA:SJB) Grows By 134.3%

ProShares Short High Yield (NYSEARCA:SJBGet Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 144,317 shares, an increase of 134.3% from the July 30th total of 61,600 shares. Based on an average trading volume of 59,627 shares, the days-to-cover ratio is presently 2.4 days. Approximately 4.6% of the company’s shares are sold short.

ProShares Short High Yield Stock Performance

Shares of ProShares Short High Yield stock traded up $0.03 on Friday, hitting $15.16. 150,615 shares of the company traded hands, compared to its average volume of 260,016. The stock’s 50 day moving average price is $15.17 and its 200-day moving average price is $15.30. 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of ProShares Short High Yield in the second quarter valued at about $135,000. Two Sigma Securities LLC bought a new position in ProShares Short High Yield during the 2nd quarter worth about $358,000. IMC Chicago LLC purchased a new position in ProShares Short High Yield during the 4th quarter valued at about $212,000. Simplex Trading LLC increased its position 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 purchasing an additional 9,589 shares during the period. Finally, HRT Financial LP bought a new stake in shares of ProShares Short High Yield in the 4th quarter valued at about $235,000.

ProShares Short High Yield Company Profile

(Get Free Report)

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.

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