ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Large Increase in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,260 shares, a growth of 6,105.1% from the February 26th total of 117 shares. Based on an average daily trading volume, of 13,876 shares, the short-interest ratio is presently 0.5 days. Approximately 1.8% of the shares of the company are short sold. Approximately 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 13,876 shares, the short-interest ratio is presently 0.5 days.

ProShares Short SmallCap600 Trading Down 0.4%

Shares of NYSEARCA:SBB opened at $13.33 on Wednesday. The company has a 50-day moving average price of $12.88 and a two-hundred day moving average price of $13.47. ProShares Short SmallCap600 has a twelve month low of $12.38 and a twelve month high of $18.64.

Hedge Funds Weigh In On ProShares Short SmallCap600

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP bought a new position in shares of ProShares Short SmallCap600 (NYSEARCA:SBB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned 7.64% of ProShares Short SmallCap600 at the end of the most recent quarter.

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.