ProShares Short High Yield (NYSEARCA:SJB) Shares Climb 0.1% – Here’s Why

Shares of ProShares Short High Yield (NYSEARCA:SJB) were up 0.1% on Monday. The stock traded as high as $15.54 and last traded at $15.53. 116,738 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 247,219 shares. The stock had previously closed at $15.52.

ProShares Short High Yield Trading Up 0.1%

The firm has a 50-day simple moving average of $15.30 and a 200 day simple moving average of $15.28.

Hedge Funds Weigh In On ProShares Short High Yield

Large investors have recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC purchased a new stake in shares of ProShares Short High Yield in the first quarter worth $147,000. Private Advisor Group LLC purchased a new position in shares of ProShares Short High Yield in the 1st quarter worth about $155,000. Bravias Capital Group LLC purchased a new position in shares of ProShares Short High Yield in the 1st quarter worth about $162,000. Finally, Purpose Unlimited Inc. purchased a new position in shares of ProShares Short High Yield in the 4th quarter worth about $440,000.

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.