Short Interest in ProShares Ultra High Yield (NYSEARCA:UJB) Rises By 5,525.0%
by Danessa Lincoln · The Markets DailyProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,700 shares, a growth of 5,525.0% from the May 14th total of 48 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 16,623 shares, the short-interest ratio is currently 0.2 days.
ProShares Ultra High Yield Price Performance
Shares of UJB stock traded up $0.17 during mid-day trading on Tuesday, hitting $78.28. 4,119 shares of the company’s stock were exchanged, compared to its average volume of 15,112. ProShares Ultra High Yield has a fifty-two week low of $74.73 and a fifty-two week high of $80.09. The stock has a 50-day simple moving average of $78.23 and a two-hundred day simple moving average of $78.67.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of ProShares Ultra High Yield during the 4th quarter worth about $537,000. CWM LLC boosted its position in shares of 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 acquired a new stake in shares of ProShares Ultra High Yield in the third quarter worth approximately $217,000. Finally, Citadel Advisors LLC boosted its position in shares of ProShares Ultra High Yield by 20.1% in the third quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock worth $392,000 after acquiring 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.