Stableford Capital II LLC Acquires Shares of 311,912 ProShares Short High Yield (NYSEARCA:SJB)

Stableford Capital II LLC acquired a new stake in ProShares Short High Yield (NYSEARCA:SJB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 311,912 shares of the company’s stock, valued at approximately $5,084,000. ProShares Short High Yield makes up about 2.1% of Stableford Capital II LLC’s investment portfolio, making the stock its 15th largest position. Stableford Capital II LLC owned 3.67% of ProShares Short High Yield at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SJB. Jane Street Group LLC lifted its holdings in ProShares Short High Yield by 254.2% in the 4th quarter. Jane Street Group LLC now owns 132,607 shares of the company’s stock valued at $2,142,000 after purchasing an additional 95,164 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of ProShares Short High Yield in the 4th quarter worth $168,000. Fourpath Capital Management LLC increased its stake in shares of ProShares Short High Yield by 4.4% in the 1st quarter. Fourpath Capital Management LLC now owns 386,378 shares of the company’s stock worth $6,228,000 after acquiring an additional 16,204 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of ProShares Short High Yield in the 1st quarter worth $467,000.

ProShares Short High Yield Stock Down 0.1%

Shares of SJB opened at $15.94 on Friday. ProShares Short High Yield has a 52-week low of $15.88 and a 52-week high of $17.22. The stock has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $16.11.

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.