Larson Financial Group LLC acquired a new stake in shares of ProShares Short High Yield (NYSEARCA:SJB – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,832 shares of the company’s stock, valued at approximately $49,000.
Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in ProShares Short High Yield during the 4th quarter valued at $74,000. Stratos Wealth Advisors LLC bought a new position in shares of ProShares Short High Yield in the 3rd quarter worth about $184,000. First Heartland Consultants Inc. lifted its position in shares of ProShares Short High Yield by 6.3% in the 3rd quarter. First Heartland Consultants Inc. now owns 27,064 shares of the company’s stock worth $499,000 after buying an additional 1,608 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of ProShares Short High Yield by 30.4% in the 3rd quarter. Mutual Advisors LLC now owns 27,477 shares of the company’s stock worth $507,000 after buying an additional 6,400 shares during the last quarter. Finally, Samalin Investment Counsel LLC lifted its position in shares of ProShares Short High Yield by 3.6% in the 3rd quarter. Samalin Investment Counsel LLC now owns 33,558 shares of the company’s stock worth $619,000 after buying an additional 1,168 shares during the last quarter.
ProShares Short High Yield Stock Performance
ProShares Short High Yield stock opened at $17.38 on Friday. The firm’s 50-day moving average is $17.28 and its 200-day moving average is $17.63. ProShares Short High Yield has a 1 year low of $17.00 and a 1 year high of $18.96.
ProShares Short High Yield 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.
Further Reading
- Five stocks we like better than ProShares Short High Yield
- The “How” and “Why” of Investing in 5G Stocks
- Semiconductor Shakeout: Finding Potential Amidst Turmoil
- 10 Best Airline Stocks to Buy
- Hasbro’s Management Made All the Right Calls This Quarter
- How to Capture the Benefits of Dividend Increases
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
Want to see what other hedge funds are holding SJB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Short High Yield (NYSEARCA:SJB – Free Report).
Receive News & Ratings for ProShares Short High Yield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short High Yield and related companies with MarketBeat.com's FREE daily email newsletter.