ProShares Short High Yield (NYSEARCA:SJB – Get Free Report)’s stock price dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $15.28 and last traded at $15.31. Approximately 74,716 shares changed hands during trading, a decline of 77% from the average session volume of 328,575 shares. The stock had previously closed at $15.34.
ProShares Short High Yield Price Performance
The stock has a fifty day moving average price of $15.32 and a 200 day moving average price of $15.35.
Institutional Trading of ProShares Short High Yield
A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of ProShares Short High Yield during the second quarter valued at about $135,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of ProShares Short High Yield in the first quarter worth about $147,000. Simplex Trading LLC grew its stake in shares of ProShares Short High Yield by 1,673.5% in the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock worth $155,000 after purchasing an additional 9,589 shares during the last quarter. Private Advisor Group LLC purchased a new position in ProShares Short High Yield during the 1st quarter valued at about $155,000. Finally, Bravias Capital Group LLC purchased a new position in ProShares Short High Yield during the 1st quarter valued at about $162,000.
About ProShares Short High Yield
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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