ProShares Short SmallCap600 (NYSEARCA:SBB) Short Interest Update

ProShares Short SmallCap600 (NYSEARCA:SBB) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 46 shares, a drop of 56.6% from the April 30th total of 106 shares. Based on an average trading volume of 5,621 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

ProShares Short SmallCap600 Stock Performance

SBB stock traded down $0.21 on Tuesday, reaching $23.64. The company’s stock had a trading volume of 1,451 shares, compared to its average volume of 5,362. The business has a fifty day simple moving average of $24.86 and a two-hundred day simple moving average of $25.89. ProShares Short SmallCap600 has a 12-month low of $23.48 and a 12-month high of $31.82.

Hedge Funds Weigh In On ProShares Short SmallCap600

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

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.