Short Interest in ProShares Short High Yield (NYSEARCA:SJB) Declines By 46.8%

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

Institutional Investors Weigh In On ProShares Short High Yield

Several large investors have recently added to or reduced their stakes in SJB. Merkkuri Wealth Advisors LLC bought a new position in ProShares Short High Yield during the first quarter valued at $147,000. Private Advisor Group LLC bought a new stake in shares of ProShares Short High Yield in the first quarter valued at about $155,000. Bravias Capital Group LLC bought a new stake in shares of ProShares Short High Yield in the 1st quarter valued at about $162,000. Finally, Purpose Unlimited Inc. purchased a new stake in ProShares Short High Yield during the fourth quarter worth $440,000.

ProShares Short High Yield Trading Down 0.1%

Shares of ProShares Short High Yield stock traded down $0.01 during trading on Wednesday, reaching $15.34. 269,875 shares of the stock traded hands, compared to its average volume of 252,324. The business has a fifty day simple moving average of $15.19 and a two-hundred day simple moving average of $15.29. ProShares Short High Yield has a 52-week low of $15.05 and a 52-week high of $15.71.

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.