ProShares Short High Yield (NYSEARCA:SJB) Shares Shorted: Short Interest Up 118.7% in September

ProShares Short High Yield (NYSEARCA:SJB) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 168,035 shares, an increase of 118.7% from the August 31st total of 76,841 shares. Approximately 5.6% of the shares of the stock are short sold. Based on an average trading volume of 135,126 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On ProShares Short High Yield

A number of large investors have recently bought and sold shares of SJB. Bravias Capital Group LLC purchased a new stake in shares of ProShares Short High Yield during the first quarter worth about $162,000. Private Advisor Group LLC purchased a new position in shares of ProShares Short High Yield during the first quarter valued at approximately $155,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of ProShares Short High Yield during the first quarter valued at approximately $147,000. Finally, Purpose Unlimited Inc. acquired a new stake in ProShares Short High Yield during the fourth quarter worth approximately $440,000.

ProShares Short High Yield Trading Up 0.1%

SJB stock opened at $15.45 on Wednesday. The company’s 50 day simple moving average is $15.22 and its 200-day simple moving average is $15.29. ProShares Short High Yield has a 12 month low of $15.05 and a 12 month high of $15.71.

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.