ProShares Short High Yield (NYSEARCA:SJB) Trading Up 0.5% – What’s Next?

ProShares Short High Yield (NYSEARCA:SJB)’s share price traded up 0.5% during trading on Tuesday . The stock traded as high as $16.17 and last traded at $16.17. 447,970 shares traded hands during mid-day trading, an increase of 275% from the average session volume of 119,548 shares. The stock had previously closed at $16.09.

ProShares Short High Yield Stock Up 0.5 %

The firm’s 50 day simple moving average is $16.04 and its two-hundred day simple moving average is $16.25.

Institutional Investors Weigh In On ProShares Short High Yield

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in ProShares Short High Yield by 254.2% during the fourth quarter. Jane Street Group LLC now owns 132,607 shares of the company’s stock worth $2,142,000 after purchasing an additional 95,164 shares during the last quarter. Fourpath Capital Management LLC raised its holdings in shares of ProShares Short High Yield by 4.4% during the 4th quarter. Fourpath Capital Management LLC now owns 370,174 shares of the company’s stock worth $5,978,000 after buying an additional 15,652 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of ProShares Short High Yield during the 4th quarter worth $168,000. Finally, Elevated Capital Advisors LLC lifted its position in shares of ProShares Short High Yield by 29.8% during the 4th quarter. Elevated Capital Advisors LLC now owns 35,274 shares of the company’s stock worth $570,000 after buying an additional 8,107 shares during the last quarter.

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.