ProShares Ultra High Yield (NYSEARCA:UJB) Stock Short Interest Declines 93.5%

ProShares Ultra High Yield (NYSEARCA:UJB) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 8 shares, a decrease of 93.5% from the September 30th total of 123 shares. Based on an average trading volume of 566 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

ProShares Ultra High Yield Trading Up 0.4%

Shares of ProShares Ultra High Yield stock traded up $0.28 during midday trading on Monday, hitting $74.09. The company had a trading volume of 14 shares, compared to its average volume of 14,054. ProShares Ultra High Yield has a 1-year low of $73.20 and a 1-year high of $80.09. The business’s 50 day simple moving average is $76.37 and its two-hundred day simple moving average is $78.05.

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.