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

ProShares Short High Yield (NYSEARCA:SJB – Get Free Report) traded up 0.1% on Monday. The company traded as high as $15.54 and last traded at $15.53. Approximately 116,738 shares were traded during mid-day trading, a decline of 53% from the average session volume of 247,219 shares. The stock had previously closed at $15.52.

ProShares Short High Yield Price Performance

The firm has a 50-day moving average of $15.30 and a 200-day moving average of $15.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Purpose Unlimited Inc. purchased a new stake in shares of ProShares Short High Yield in the fourth quarter worth about $440,000. Bravias Capital Group LLC bought a new position in ProShares Short High Yield during the first quarter valued at $162,000. Private Advisor Group LLC bought a new position in ProShares Short High Yield during the first quarter valued at $155,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of ProShares Short High Yield in the first quarter valued at $147,000.

About ProShares Short High Yield

(Get Free Report)

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.

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