ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 204 shares, a growth of 827.3% from the June 30th total of 22 shares. Based on an average trading volume of 1,083 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
ProShares Short SmallCap600 Stock Down 0.1%
Shares of ProShares Short SmallCap600 stock traded down $0.02 during trading on Friday, hitting $22.65. 22 shares of the stock were exchanged, compared to its average volume of 4,158. The company has a fifty day moving average price of $23.08 and a 200-day moving average price of $24.64. ProShares Short SmallCap600 has a 1-year low of $21.91 and a 1-year high of $30.96.
Institutional Trading of ProShares Short SmallCap600
A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new stake in ProShares Short SmallCap600 (NYSEARCA:SBB – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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.
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