ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) shares traded up 0.6% during mid-day trading on Friday . The stock traded as high as $15.44 and last traded at $15.44. 186,224 shares changed hands during trading, a decline of 44% from the average session volume of 330,962 shares. The stock had previously closed at $15.35.
ProShares Short High Yield Trading Up 0.6%
The firm has a fifty day moving average of $15.41 and a 200-day moving average of $15.37.
Hedge Funds Weigh In On ProShares Short High Yield
Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in ProShares Short High Yield during the second quarter worth $135,000. Merkkuri Wealth Advisors LLC acquired a new position in ProShares Short High Yield during the first quarter worth $147,000. Private Advisor Group LLC acquired a new position in ProShares Short High Yield during the first quarter worth $155,000. Simplex Trading LLC increased its holdings in ProShares Short High Yield by 1,673.5% during the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock worth $155,000 after buying an additional 9,589 shares during the last quarter. Finally, Bravias Capital Group LLC acquired a new position in ProShares Short High Yield during the first quarter worth $162,000.
ProShares Short High Yield Company Profile
The Proshares Short High Yield (SJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides inverse exposure, reset daily, to a modified market-value-weighted index comprising US-dollar-denominated corporate high-yield bonds with maturities between 3 and 15 years. SJB was launched on Mar 21, 2011 and is managed by ProShares.
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