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

ProShares Short SmallCap600 (NYSEARCA:SBB) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 204 shares, an increase of 827.3% from the June 30th total of 22 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,083 shares, the short-interest ratio is presently 0.2 days.

ProShares Short SmallCap600 Price Performance

Shares of NYSEARCA:SBB opened at $22.65 on Friday. The business’s 50 day simple moving average is $23.08 and its 200 day simple moving average is $24.64. ProShares Short SmallCap600 has a 1 year low of $21.91 and a 1 year high of $30.96.

Institutional Investors Weigh In On ProShares Short SmallCap600

A hedge fund 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) in the 3rd quarter, according to its most recent 13F filing with the Securities & 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 about 7.64% of ProShares Short SmallCap600 at the end of the most recent reporting period.

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.