ProShares Ultra High Yield (NYSEARCA:UJB) Short Interest Down 20.3% in March

ProShares Ultra High Yield (NYSEARCA:UJB) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 106 shares, a decline of 20.3% from the February 26th total of 133 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 18,929 shares, the short-interest ratio is currently 0.0 days.

ProShares Ultra High Yield Price Performance

Shares of UJB opened at $74.89 on Monday. ProShares Ultra High Yield has a 52 week low of $66.66 and a 52 week high of $80.09. The stock has a 50 day moving average price of $78.90 and a two-hundred day moving average price of $78.62.

ProShares Ultra High Yield Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a dividend of $1.1106 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This is a positive change from ProShares Ultra High Yield’s previous quarterly dividend of $0.31. This represents a $4.44 annualized dividend and a dividend yield of 5.9%.

Institutional Investors Weigh In On ProShares Ultra High Yield

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its stake in ProShares Ultra High Yield by 244.8% during the 4th quarter. CWM LLC now owns 331 shares of the company’s stock valued at $26,000 after acquiring an additional 235 shares in the last quarter. Citadel Advisors LLC grew its stake 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 acquiring an additional 840 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of ProShares Ultra High Yield by 28.5% in the first quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra High Yield in the third quarter valued at about $217,000.

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.