ProShares Short High Yield (NYSEARCA:SJB) Stock Cross Above Fifty Day Moving Average – Here’s What Happened

ProShares Short High Yield (NYSEARCA:SJB)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $15.38 and traded as high as $15.43. ProShares Short High Yield shares last traded at $15.41, with a volume of 174,077 shares changing hands.

ProShares Short High Yield Stock Performance

The stock’s 50-day simple moving average is $15.38 and its 200 day simple moving average is $15.32.

Hedge Funds Weigh In On ProShares Short High Yield

An institutional investor recently bought a new stake in ProShares Short High Yield stock. Private Advisor Group LLC acquired a new position in shares of ProShares Short High Yield (NYSEARCA:SJB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $155,000. Private Advisor Group LLC owned about 0.15% of ProShares Short High Yield as of its most recent SEC filing.

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.