ProShares Short High Yield (NYSEARCA:SJB) Short Interest Down 42.8% in December

ProShares Short High Yield (NYSEARCA:SJB) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 19,621 shares, a decline of 42.8% from the December 15th total of 34,307 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 100,136 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 100,136 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the company’s shares are short sold.

ProShares Short High Yield Price Performance

NYSEARCA:SJB remained flat at $15.23 during midday trading on Thursday. The company had a trading volume of 128,965 shares, compared to its average volume of 150,906. The company’s 50 day simple moving average is $15.39 and its 200-day simple moving average is $15.49. ProShares Short High Yield has a 52 week low of $15.18 and a 52 week high of $16.95.

Hedge Funds Weigh In On ProShares Short High Yield

Several institutional investors have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of ProShares Short High Yield in the second quarter valued at about $8,942,000. Envestnet Asset Management Inc. purchased a new position in ProShares Short High Yield during the 2nd quarter valued at about $8,598,000. Csenge Advisory Group raised its holdings in shares of ProShares Short High Yield by 45.1% in the 3rd quarter. Csenge Advisory Group now owns 1,481,348 shares of the company’s stock valued at $22,776,000 after purchasing an additional 460,525 shares in the last quarter. Trek Financial LLC bought a new stake in shares of ProShares Short High Yield in the 3rd quarter valued at about $1,908,000. Finally, Choreo LLC purchased a new stake in shares of ProShares Short High Yield in the 2nd quarter worth approximately $1,175,000.

ProShares Short High Yield Company Profile

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.