Short Interest in ProShares Ultra High Yield (NYSEARCA:UJB) Expands By 84.7%

ProShares Ultra High Yield (NYSEARCA:UJB) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 133 shares, an increase of 84.7% from the February 12th total of 72 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

ProShares Ultra High Yield Price Performance

ProShares Ultra High Yield stock opened at $77.05 on Friday. The firm has a 50-day moving average price of $79.44 and a two-hundred day moving average price of $78.72. ProShares Ultra High Yield has a 52-week low of $66.66 and a 52-week high of $80.09.

Hedge Funds Weigh In On ProShares Ultra High Yield

Several hedge funds and other institutional investors have recently made changes to their positions in UJB. Jane Street Group LLC boosted its position in shares of ProShares Ultra High Yield by 28.5% during the first 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 period. Citadel Advisors LLC increased its position in 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 acquiring an additional 840 shares during the period. Susquehanna International Group LLP acquired a new stake in ProShares Ultra High Yield in the 3rd quarter valued at approximately $217,000. Finally, CWM LLC raised its stake in ProShares Ultra High Yield by 244.8% during the 4th quarter. CWM LLC now owns 331 shares of the company’s stock valued at $26,000 after acquiring an additional 235 shares in the last quarter.

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.