ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Significant Growth in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,246 shares, an increase of 510.8% from the July 15th total of 204 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 701 shares, the short-interest ratio is currently 1.8 days.

ProShares Short SmallCap600 Price Performance

Shares of SBB stock remained flat at $22.13 during trading hours on Wednesday. The stock had a trading volume of 10 shares, compared to its average volume of 3,880. ProShares Short SmallCap600 has a one year low of $21.76 and a one year high of $29.61. The business’s fifty day simple moving average is $22.67 and its two-hundred day simple moving average is $24.32.

Institutional Trading of ProShares Short SmallCap600

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP purchased a new position in ProShares Short SmallCap600 (NYSEARCA:SBB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned about 7.64% of ProShares Short SmallCap600 at the end of the most recent reporting period.

ProShares Short SmallCap600 Company Profile

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.