ProShares Ultra High Yield (NYSEARCA:UJB – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 614 shares, a growth of 216.5% from the July 30th total of 194 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 12,817 shares, the short-interest ratio is presently 0.0 days.
ProShares Ultra High Yield Stock Down 0.1%
Shares of UJB stock traded down $0.10 on Thursday, reaching $79.19. The stock had a trading volume of 529 shares, compared to its average volume of 15,429. The firm’s 50-day moving average is $78.57 and its two-hundred day moving average is $78.47. ProShares Ultra High Yield has a 12 month low of $74.75 and a 12 month high of $80.09.
Hedge Funds Weigh In On ProShares Ultra High Yield
A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in ProShares Ultra High Yield in the fourth quarter valued at approximately $537,000. CWM LLC boosted its stake 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 worth $26,000 after acquiring an additional 235 shares during the period. Susquehanna International Group LLP bought a new position in shares of ProShares Ultra High Yield during the 3rd quarter worth approximately $217,000. Finally, Citadel Advisors LLC increased its holdings in shares of ProShares Ultra High Yield by 20.1% during 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 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.
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