ProShares Short SmallCap600 (NYSEARCA:SBB) Short Interest Update

ProShares Short SmallCap600 (NYSEARCA:SBB) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 106 shares, a drop of 80.6% from the April 15th total of 547 shares. Based on an average trading volume of 1,902 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

ProShares Short SmallCap600 Trading Up 0.0%

Shares of SBB stock traded up $0.01 during mid-day trading on Tuesday, reaching $11.99. 4,593 shares of the company’s stock traded hands, compared to its average volume of 10,591. ProShares Short SmallCap600 has a 12 month low of $11.79 and a 12 month high of $16.04. The firm has a 50 day moving average price of $12.76 and a two-hundred day moving average price of $13.14.

Hedge Funds Weigh In On ProShares Short SmallCap600

A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP bought a new position in ProShares Short SmallCap600 (NYSEARCA:SBB) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned about 7.64% of ProShares Short SmallCap600 as of its most recent SEC filing.

About ProShares Short SmallCap600

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.