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

ProShares Short High Yield (NYSEARCA:SJB)’s stock price traded down 0.1% during mid-day trading on Tuesday . The company traded as low as $15.24 and last traded at $15.24. 81,202 shares traded hands during trading, a decline of 69% from the average session volume of 258,104 shares. The stock had previously closed at $15.26.

ProShares Short High Yield Stock Down 0.1%

The stock’s fifty day simple moving average is $15.44 and its 200-day simple moving average is $15.54.

Institutional Investors Weigh In On ProShares Short High Yield

A number of large investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC grew its holdings in shares of ProShares Short High Yield by 1,193.8% during the 2nd quarter. Simplex Trading LLC now owns 1,669 shares of the company’s stock worth $26,000 after purchasing an additional 1,540 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in ProShares Short High Yield during the second quarter worth about $135,000. Tradewinds LLC. bought a new position in ProShares Short High Yield in the 2nd quarter valued at about $182,000. Balefire LLC acquired a new position in shares of ProShares Short High Yield in the 2nd quarter valued at approximately $237,000. Finally, Two Sigma Securities LLC bought a new stake in shares of ProShares Short High Yield during the 2nd quarter worth approximately $358,000.

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.