ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,273 shares, an increase of 1,763.1% from the March 31st total of 122 shares. Based on an average daily volume of 39,578 shares, the short-interest ratio is presently 0.1 days. Approximately 1.1% of the shares of the company are sold short.
ProShares Ultra High Yield Trading Up 0.2%
UJB stock opened at $78.77 on Friday. The firm has a fifty day moving average price of $78.24 and a two-hundred day moving average price of $78.53. ProShares Ultra High Yield has a 1-year low of $72.56 and a 1-year high of $80.09.
Institutional Investors Weigh In On ProShares Ultra High Yield
Several large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of ProShares Ultra High Yield in the 4th quarter worth about $537,000. CWM LLC grew its holdings in shares of ProShares Ultra High Yield by 244.8% in the 4th quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after purchasing an additional 235 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra High Yield in the 3rd quarter worth about $217,000. Finally, Citadel Advisors LLC grew its holdings 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 worth $392,000 after purchasing an additional 840 shares during the last quarter.
ProShares Ultra High Yield Company Profile
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.
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