ProShares Short High Yield (NYSEARCA:SJB) Short Interest Down 37.6% in June

ProShares Short High Yield (NYSEARCA:SJB) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 77,732 shares, a drop of 37.6% from the May 31st total of 124,479 shares. Based on an average daily trading volume, of 207,193 shares, the short-interest ratio is presently 0.4 days. Approximately 1.2% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Short High Yield

A number of hedge funds have recently made changes to their positions in SJB. Bravias Capital Group LLC purchased a new stake in ProShares Short High Yield during the 1st quarter worth $162,000. Two Sigma Securities LLC acquired a new stake in ProShares Short High Yield in the 2nd quarter valued at $358,000. BNP Paribas Financial Markets increased its holdings in ProShares Short High Yield by 120.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,064 shares of the company’s stock valued at $293,000 after purchasing an additional 10,414 shares in the last quarter. HRT Financial LP purchased a new position in ProShares Short High Yield in the fourth quarter valued at about $235,000. Finally, Simplex Trading LLC raised its position 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 valued at $155,000 after purchasing an additional 9,589 shares during the period.

ProShares Short High Yield Price Performance

Shares of SJB stock opened at $15.13 on Friday. ProShares Short High Yield has a fifty-two week low of $15.11 and a fifty-two week high of $15.76. The firm’s 50 day moving average price is $15.30 and its two-hundred day moving average price is $15.33.

ProShares Short High Yield Company Profile

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.