ProShares Short High Yield (NYSEARCA:SJB) Sees Large Growth in Short Interest

ProShares Short High Yield (NYSEARCA:SJB) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 80,815 shares, a growth of 63.1% from the June 30th total of 49,538 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 88,301 shares, the short-interest ratio is currently 0.9 days.

ProShares Short High Yield Stock Up 0.1%

Shares of ProShares Short High Yield stock opened at $15.23 on Friday. ProShares Short High Yield has a 1-year low of $15.05 and a 1-year high of $15.71. The business’s fifty day moving average price is $15.24 and its two-hundred day moving average price is $15.31.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in ProShares Short High Yield during the second quarter valued at $135,000. Merkkuri Wealth Advisors LLC bought a new stake in ProShares Short High Yield in the first quarter worth $147,000. Simplex Trading LLC increased its holdings in shares of 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 acquiring an additional 9,589 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of ProShares Short High Yield in the first quarter valued at approximately $155,000. Finally, Bravias Capital Group LLC bought a new position in ProShares Short High Yield in the 1st quarter worth $162,000.

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.