ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 113 shares, a growth of 28.4% from the December 15th total of 88 shares. Based on an average daily volume of 14,394 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 14,394 shares, the days-to-cover ratio is currently 0.0 days.
ProShares Ultra High Yield Stock Down 0.0%
UJB stock opened at $79.65 on Monday. ProShares Ultra High Yield has a one year low of $66.66 and a one year high of $79.72. The firm has a 50-day moving average of $78.71 and a two-hundred day moving average of $78.00.
Hedge Funds Weigh In On ProShares Ultra High Yield
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UJB. Susquehanna International Group LLP purchased a new position in ProShares Ultra High Yield during the 3rd quarter worth approximately $217,000. Citadel Advisors LLC increased its holdings in shares of ProShares Ultra High Yield by 20.1% in the 3rd quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock valued at $392,000 after purchasing an additional 840 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of ProShares Ultra High Yield by 28.5% in the 1st quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after purchasing an additional 1,625 shares during the period.
About ProShares Ultra High Yield
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.
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