ProShares Ultra High Yield (NYSEARCA:UJB) Sees Large Drop in Short Interest

ProShares Ultra High Yield (NYSEARCA:UJB) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 71 shares, a decline of 44.5% from the January 15th total of 128 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 7,989 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 7,989 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Ultra High Yield

Several institutional investors have recently bought and sold shares of UJB. Jane Street Group LLC purchased a new stake in shares of ProShares Ultra High Yield in the 4th quarter valued at approximately $537,000. CWM LLC lifted its position in shares of 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 during the period. Susquehanna International Group LLP purchased 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 ProShares Ultra High Yield by 20.1% during the 3rd quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock valued at $392,000 after buying an additional 840 shares during the last quarter.

ProShares Ultra High Yield Price Performance

NYSEARCA:UJB traded up $0.10 during midday trading on Friday, hitting $79.80. The company’s stock had a trading volume of 515 shares, compared to its average volume of 8,191. The firm’s 50 day moving average is $79.32 and its 200-day moving average is $78.43. ProShares Ultra High Yield has a fifty-two week low of $66.66 and a fifty-two week high of $80.09.

About ProShares Ultra High Yield

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.