ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Update

ProShares Ultra High Yield (NYSEARCA:UJB) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,700 shares, an increase of 5,525.0% from the May 14th total of 48 shares. Based on an average daily trading volume, of 16,623 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.5% of the shares of the stock are short sold.

ProShares Ultra High Yield Stock Performance

Shares of UJB stock opened at $78.28 on Wednesday. ProShares Ultra High Yield has a twelve month low of $74.73 and a twelve month high of $80.09. The business has a fifty day simple moving average of $78.23 and a 200 day simple moving average of $78.67.

Institutional Trading of ProShares Ultra High Yield

Several institutional investors and hedge funds have recently modified their holdings of UJB. CWM LLC lifted its position in shares of ProShares Ultra High Yield by 244.8% during the 4th quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after buying an additional 235 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra High Yield during the 3rd quarter worth $217,000. Citadel Advisors LLC lifted its position in shares of ProShares Ultra High Yield by 20.1% during the 3rd quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock worth $392,000 after buying an additional 840 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of ProShares Ultra High Yield by 28.5% during the 1st quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock worth $533,000 after buying an additional 1,625 shares during the last quarter.

ProShares Ultra High Yield Company Profile

The ProShares Ultra High Yield (UJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides 2x exposure to a market-value-weighted index of USD-denominated high-yield corporate bonds with remaining maturities between 3 and 15 years. UJB was launched on Apr 13, 2011 and is managed by ProShares.