ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Significant Decline in Short Interest

by · The Cerbat Gem

ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 46 shares, a decrease of 78.6% from the December 31st total of 215 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,322 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 3,322 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

ProShares Short SmallCap600 Stock Up 0.5%

NYSEARCA:SBB traded up $0.06 during midday trading on Wednesday, hitting $12.94. The company had a trading volume of 7,680 shares, compared to its average volume of 6,210. ProShares Short SmallCap600 has a 52-week low of $12.46 and a 52-week high of $18.64. The stock’s fifty day moving average price is $13.40 and its 200-day moving average price is $13.93.

Institutional Trading of ProShares Short SmallCap600

A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP bought a new position in ProShares Short SmallCap600 (NYSEARCA:SBB – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned approximately 7.64% of ProShares Short SmallCap600 at the end of the most recent reporting period.

About ProShares Short SmallCap600

(Get Free Report)

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.

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