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

ProShares Short High Yield (NYSEARCA:SJB) shares traded down 0.1% on Friday . The stock traded as low as $15.25 and last traded at $15.26. 95,873 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 137,734 shares. The stock had previously closed at $15.27.

ProShares Short High Yield Trading Down 0.1%

The firm’s fifty day moving average price is $15.28 and its two-hundred day moving average price is $15.42.

Institutional Investors Weigh In On ProShares Short High Yield

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of ProShares Short High Yield in the second quarter valued at $8,942,000. Envestnet Asset Management Inc. acquired a new stake in shares of ProShares Short High Yield in the 2nd quarter worth about $8,598,000. Csenge Advisory Group lifted its position in ProShares Short High Yield by 45.1% in the 3rd quarter. Csenge Advisory Group now owns 1,481,348 shares of the company’s stock valued at $22,776,000 after acquiring an additional 460,525 shares in the last quarter. Trek Financial LLC acquired a new position in ProShares Short High Yield during the 3rd quarter valued at about $1,908,000. Finally, Choreo LLC acquired a new position in ProShares Short High Yield during the 2nd quarter valued at about $1,175,000.

About ProShares Short High Yield

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.