ProShares Short High Yield (NYSEARCA:SJB) Position Lessened by Csenge Advisory Group

Csenge Advisory Group trimmed its position in shares of ProShares Short High Yield (NYSEARCA:SJB) by 96.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 45,552 shares of the company’s stock after selling 1,090,113 shares during the quarter. Csenge Advisory Group’s holdings in ProShares Short High Yield were worth $736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fourpath Capital Management LLC raised its holdings in shares of ProShares Short High Yield by 4.4% during the fourth quarter. Fourpath Capital Management LLC now owns 370,174 shares of the company’s stock worth $5,978,000 after acquiring an additional 15,652 shares in the last quarter. Solstein Capital LLC purchased a new stake in shares of ProShares Short High Yield during the third quarter worth $5,073,000. Finally, Elevated Capital Advisors LLC raised its holdings in shares of ProShares Short High Yield by 29.8% during the fourth quarter. Elevated Capital Advisors LLC now owns 35,274 shares of the company’s stock worth $570,000 after acquiring an additional 8,107 shares in the last quarter.

ProShares Short High Yield Trading Down 0.1 %

Shares of NYSEARCA:SJB opened at $15.97 on Tuesday. ProShares Short High Yield has a 1 year low of $15.95 and a 1 year high of $17.53. The business has a fifty day simple moving average of $16.13 and a 200 day simple moving average of $16.33.

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.