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The ProShares Short High Yield fund (SJB) is designed to deliver daily investment returns that are the exact opposite of the Markit iBoxx $ Liquid High Yield Index's daily performance, before any deductions for management fees and other operational expenses.
Is SJB's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
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ProShares Short High Yield (NYSEARCA:SJB - Get Free Report) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 985,931 shares, an increase of 2,391.4% from the February 26th total of 39,573 shares. Currently, 34.6% of the company's shares are sold short. Based on an average daily
ProShares Short High Yield ETF provides inverse exposure to the Markit iBoxx® $ Liquid High Yield Index for hedgers, speculators, and underwriters. Fundamentally, we see option-adjusted spreads widening. A factor model quantifies our thematic argument. Interest coverage ratios bottomed earlier this year but a loss in global confidence could see ratios trend down again.
ProShares Short High Yield ETF is an inverse fund. The vehicle seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx Liquid High Yield Index.