ProShares Short High Yield (NYSEARCA:SJB) Short Interest Down 96.5% in April

ProShares Short High Yield (NYSEARCA:SJB) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 18,516 shares, a decline of 96.5% from the March 31st total of 526,639 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 567,529 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On ProShares Short High Yield

A number of hedge funds and other institutional investors have recently bought and sold shares of SJB. Merkkuri Wealth Advisors LLC purchased a new position in ProShares Short High Yield in the first quarter worth $147,000. Purpose Unlimited Inc. bought a new position in shares of ProShares Short High Yield during the 4th quarter valued at about $440,000. HRT Financial LP purchased a new position in shares of ProShares Short High Yield during the 4th quarter valued at about $235,000. Simplex Trading LLC boosted its stake in ProShares Short High Yield by 1,673.5% in the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock worth $155,000 after buying an additional 9,589 shares in the last quarter. Finally, IMC Chicago LLC purchased a new position in shares of ProShares Short High Yield during the fourth quarter worth approximately $212,000.

ProShares Short High Yield Price Performance

NYSEARCA:SJB traded down $0.01 during trading hours on Friday, hitting $15.29. 175,729 shares of the company’s stock traded hands, compared to its average volume of 361,938. The business’s fifty day simple moving average is $15.40 and its two-hundred day simple moving average is $15.38. ProShares Short High Yield has a 52 week low of $15.18 and a 52 week high of $16.16.

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.