ProShares Short High Yield (NYSEARCA:SJB) Short Interest Update

ProShares Short High Yield (NYSEARCA:SJB) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 985,931 shares, a growth of 2,391.4% from the February 26th total of 39,573 shares. Based on an average daily trading volume, of 822,880 shares, the days-to-cover ratio is presently 1.2 days. Currently, 34.6% of the company’s shares are sold short. Currently, 34.6% of the company’s shares are sold short. Based on an average daily trading volume, of 822,880 shares, the days-to-cover ratio is presently 1.2 days.

ProShares Short High Yield Price Performance

Shares of SJB traded up $0.04 during trading on Tuesday, reaching $15.60. 704,097 shares of the company traded hands, compared to its average volume of 302,214. ProShares Short High Yield has a twelve month low of $15.18 and a twelve month high of $16.95. The stock has a 50-day simple moving average of $15.33 and a 200-day simple moving average of $15.39.

Hedge Funds Weigh In On ProShares Short High Yield

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in ProShares Short High Yield in the 2nd quarter valued at approximately $135,000. Simplex Trading LLC raised its position in ProShares Short High Yield by 1,673.5% in the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock valued at $155,000 after purchasing an additional 9,589 shares during the period. IMC Chicago LLC acquired a new position in ProShares Short High Yield during the fourth quarter worth $212,000. HRT Financial LP purchased a new position in shares of ProShares Short High Yield during the fourth quarter worth $235,000. Finally, Two Sigma Securities LLC purchased a new position in shares of ProShares Short High Yield during the second quarter worth $358,000.

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.