ProShares Ultra High Yield (NYSEARCA:UJB) Sees Significant Decline in Short Interest

ProShares Ultra High Yield (NYSEARCA:UJB) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 106 shares, a decline of 20.3% from the February 26th total of 133 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 18,929 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On ProShares Ultra High Yield

Several institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its position in ProShares Ultra High Yield by 244.8% during the fourth quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after purchasing an additional 235 shares during the period. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra High Yield in the third quarter valued at approximately $217,000. Citadel Advisors LLC raised 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 valued at $392,000 after purchasing an additional 840 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of ProShares Ultra High Yield by 28.5% during the 1st quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after buying an additional 1,625 shares in the last quarter.

ProShares Ultra High Yield Price Performance

Shares of NYSEARCA UJB opened at $74.89 on Monday. ProShares Ultra High Yield has a one year low of $66.66 and a one year high of $80.09. The business’s fifty day moving average price is $78.90 and its 200-day moving average price is $78.62.

ProShares Ultra High Yield Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be paid a $1.1106 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $4.44 dividend on an annualized basis and a yield of 5.9%. This is an increase from ProShares Ultra High Yield’s previous quarterly dividend of $0.31.

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.