ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Down 91.8% in May

ProShares Ultra High Yield (NYSEARCA:UJB) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 48 shares, a decline of 91.8% from the April 30th total of 584 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 18,468 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On ProShares Ultra High Yield

A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of ProShares Ultra High Yield by 28.5% in the first quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after buying an additional 1,625 shares during the last quarter. Citadel Advisors LLC grew its position in shares of ProShares Ultra High Yield by 20.1% in the third 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. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra High Yield in the third quarter valued at $217,000. Finally, CWM LLC grew its position in shares of ProShares Ultra High Yield by 244.8% in the fourth quarter. CWM LLC now owns 331 shares of the company’s stock valued at $26,000 after purchasing an additional 235 shares during the period.

ProShares Ultra High Yield Stock Performance

UJB stock traded up $0.21 during midday trading on Thursday, hitting $78.81. 338 shares of the stock were exchanged, compared to its average volume of 14,984. The stock’s 50-day moving average price is $77.91 and its 200-day moving average price is $78.61. ProShares Ultra High Yield has a fifty-two week low of $74.49 and a fifty-two week high of $80.09.

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.