ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 144,317 shares, an increase of 134.3% from the July 30th total of 61,600 shares. Based on an average daily trading volume, of 59,627 shares, the days-to-cover ratio is presently 2.4 days. Currently, 4.6% of the company’s stock are sold short.
ProShares Short High Yield Stock Performance
Shares of NYSEARCA:SJB traded up $0.03 during mid-day trading on Friday, hitting $15.16. 150,615 shares of the company traded hands, compared to its average volume of 260,016. ProShares Short High Yield has a 52-week low of $15.05 and a 52-week high of $15.71. The firm’s 50 day simple moving average is $15.17 and its 200 day simple moving average is $15.30.
Institutional Trading of ProShares Short High Yield
Several large investors have recently bought and sold shares of SJB. BNP Paribas Financial Markets acquired a new position in ProShares Short High Yield in the 2nd quarter worth $135,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of ProShares Short High Yield during the first quarter valued at about $147,000. Simplex Trading LLC increased its position in shares of ProShares Short High Yield by 1,673.5% during the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock worth $155,000 after acquiring an additional 9,589 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of ProShares Short High Yield during the first quarter worth about $155,000. Finally, Bravias Capital Group LLC acquired a new position in shares of ProShares Short High Yield in the first quarter worth about $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.
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