ProShares Short High Yield (NYSEARCA:SJB) Stock Price Down 0.1% – What’s Next?

Shares of ProShares Short High Yield (NYSEARCA:SJB) dropped 0.1% on Friday . The stock traded as low as $15.15 and last traded at $15.16. 112,323 shares changed 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 Stock Down 0.1%

The firm has a fifty day simple moving average of $15.19 and a 200-day simple moving average of $15.30.

Hedge Funds Weigh In On ProShares Short High Yield

Several institutional investors and hedge funds have recently modified their holdings of the business. Purpose Unlimited Inc. acquired a new position in shares of ProShares Short High Yield during the 4th quarter worth about $440,000. Two Sigma Securities LLC bought a new stake in shares of ProShares Short High Yield in the 2nd quarter valued at about $358,000. HRT Financial LP acquired a new stake in ProShares Short High Yield in the 4th quarter valued at about $235,000. IMC Chicago LLC acquired a new stake in ProShares Short High Yield in the 4th quarter valued at about $212,000. Finally, Bravias Capital Group LLC bought a new position in ProShares Short High Yield during the first quarter worth about $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.