ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Large Increase in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 1,855 shares, a growth of 60.3% from the August 15th total of 1,157 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 970 shares, the short-interest ratio is presently 1.9 days.

ProShares Short SmallCap600 Stock Down 0.0%

Shares of NYSEARCA:SBB traded down $0.01 during trading on Thursday, hitting $23.57. 841 shares of the company were exchanged, compared to its average volume of 3,485. ProShares Short SmallCap600 has a fifty-two week low of $21.76 and a fifty-two week high of $29.56. The firm has a fifty day moving average price of $22.53 and a two-hundred day moving average price of $23.83.

About ProShares Short SmallCap600

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.