Short Interest in ProShares Short High Yield (NYSEARCA:SJB) Expands By 116.9%

ProShares Short High Yield (NYSEARCA:SJB) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 42,564 shares, an increase of 116.9% from the December 31st total of 19,621 shares. Based on an average daily trading volume, of 150,945 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.5% of the shares of the company are short sold. Currently, 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 150,945 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On ProShares Short High Yield

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fourpath Capital Management LLC lifted its holdings in shares of ProShares Short High Yield by 1.9% during the 2nd quarter. Fourpath Capital Management LLC now owns 393,663 shares of the company’s stock valued at $6,143,000 after buying an additional 7,285 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of ProShares Short High Yield in the second quarter worth $8,598,000. Simplex Trading LLC increased its position in ProShares Short High Yield by 1,193.8% during the second quarter. Simplex Trading LLC now owns 1,669 shares of the company’s stock valued at $26,000 after acquiring an additional 1,540 shares during the last quarter. Csenge Advisory Group lifted its holdings in ProShares Short High Yield by 11.0% in the second quarter. Csenge Advisory Group now owns 1,020,823 shares of the company’s stock valued at $16,292,000 after acquiring an additional 101,113 shares during the period. Finally, Tradewinds LLC. bought a new position in ProShares Short High Yield in the second quarter valued at about $182,000.

ProShares Short High Yield Stock Performance

SJB opened at $15.26 on Friday. The company’s 50-day simple moving average is $15.33 and its two-hundred day simple moving average is $15.46. ProShares Short High Yield has a 52-week low of $15.18 and a 52-week high of $16.95.

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.