ProShares Short High Yield (NYSEARCA:SJB) Short Interest Update

ProShares Short High Yield (NYSEARCA:SJB) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 76,841 shares, a decline of 46.8% from the August 15th total of 144,317 shares. Based on an average daily volume of 108,968 shares, the short-interest ratio is presently 0.7 days. Approximately 2.4% of the shares of the company are sold short.

ProShares Short High Yield Trading Down 0.3%

NYSEARCA:SJB traded down $0.04 during mid-day trading on Thursday, reaching $15.29. 75,074 shares of the stock were exchanged, compared to its average volume of 251,328. ProShares Short High Yield has a 1 year low of $15.05 and a 1 year high of $15.71. The company has a 50 day simple moving average of $15.19 and a 200-day simple moving average of $15.29.

Institutional Trading of ProShares Short High Yield

A number of large investors have recently bought and sold shares of the business. Bravias Capital Group LLC purchased a new stake in shares of ProShares Short High Yield in the first quarter valued at about $162,000. Private Advisor Group LLC acquired a new position in shares of ProShares Short High Yield during the 1st quarter worth approximately $155,000. Merkkuri Wealth Advisors LLC purchased a new stake in ProShares Short High Yield in the 1st quarter valued at approximately $147,000. Finally, Purpose Unlimited Inc. acquired a new stake in ProShares Short High Yield during the 4th quarter valued at $440,000.

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.