Short Interest in ProShares Ultra High Yield (NYSEARCA:UJB) Increases By 84.7%

ProShares Ultra High Yield (NYSEARCA:UJB) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 133 shares, a growth of 84.7% from the February 12th total of 72 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of ProShares Ultra High Yield

A number of large investors have recently made changes to their positions in the company. CWM LLC lifted its stake in ProShares Ultra High Yield by 244.8% in the fourth quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after acquiring an additional 235 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra High Yield in the 3rd quarter valued at approximately $217,000. Citadel Advisors LLC increased its position in shares of ProShares Ultra High Yield by 20.1% in the 3rd 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 last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of ProShares Ultra High Yield in the 4th quarter valued at $537,000.

ProShares Ultra High Yield Stock Performance

Shares of NYSEARCA UJB opened at $77.39 on Friday. The stock’s 50-day moving average is $79.48 and its two-hundred day moving average is $78.72. ProShares Ultra High Yield has a 1-year low of $66.66 and a 1-year 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.