ProShares Short High Yield (NYSEARCA:SJB – Get Free Report)’s share price fell 0.1% during mid-day trading on Friday . The company traded as low as $15.15 and last traded at $15.16. 112,323 shares traded hands during trading, a decline of 58% from the average session volume of 265,525 shares. The stock had previously closed at $15.18.
ProShares Short High Yield Price Performance
The firm’s 50 day moving average price is $15.19 and its 200-day moving average price is $15.30.
Hedge Funds Weigh In On ProShares Short High Yield
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LP acquired a new position in shares of ProShares Short High Yield in the 4th quarter valued at $235,000. Simplex Trading LLC boosted its position in shares of 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 purchasing an additional 9,589 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of ProShares Short High Yield by 120.4% during the third quarter. BNP Paribas Financial Markets now owns 19,064 shares of the company’s stock worth $293,000 after purchasing an additional 10,414 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of ProShares Short High Yield in the 2nd quarter valued at $358,000. Finally, Bravias Capital Group LLC acquired a new position in shares of ProShares Short High Yield in the 1st quarter valued at $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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