ProShares Short High Yield (NYSEARCA:SJB) Shares Down 0.2% – What’s Next?

ProShares Short High Yield (NYSEARCA:SJB)’s share price dropped 0.2% on Thursday . The stock traded as low as $15.28 and last traded at $15.31. Approximately 74,716 shares traded 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 Stock Performance

The business has a 50-day moving average of $15.32 and a 200 day moving average of $15.35.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in shares of ProShares Short High Yield during the 2nd quarter worth $135,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of ProShares Short High Yield during the first quarter worth $147,000. Simplex Trading LLC grew its position 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 valued at $155,000 after purchasing an additional 9,589 shares during the period. Private Advisor Group LLC purchased a new stake in shares of ProShares Short High Yield in the first quarter valued at $155,000. Finally, Bravias Capital Group LLC acquired a new position in ProShares Short High Yield in the first quarter valued at $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.