ProShares Ultra High Yield (NYSEARCA:UJB) Sees Large Drop in Short Interest

ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 8 shares, a decline of 93.5% from the September 30th total of 123 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 566 shares, the days-to-cover ratio is currently 0.0 days.

ProShares Ultra High Yield Stock Down 0.1%

Shares of UJB traded down $0.11 during mid-day trading on Wednesday, reaching $74.80. The company had a trading volume of 46,819 shares, compared to its average volume of 14,146. ProShares Ultra High Yield has a 52-week low of $73.20 and a 52-week high of $80.09. The stock has a 50 day moving average of $76.19 and a two-hundred day moving average of $78.00.

About ProShares Ultra High Yield

(Get Free Report)

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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