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

ProShares Short High Yield (NYSEARCA:SJB)’s share price fell 0.1% during trading on Friday . The stock traded as low as $15.25 and last traded at $15.26. 95,873 shares changed hands during 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 Stock Down 0.1%

The firm has a fifty day moving average price of $15.28 and a 200-day moving average price of $15.42.

Institutional Investors Weigh In On ProShares Short High Yield

Several large investors have recently made changes to their positions in SJB. Csenge Advisory Group boosted its holdings in shares of 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 worth $22,776,000 after buying an additional 460,525 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in ProShares Short High Yield during the second quarter worth about $8,942,000. Envestnet Asset Management Inc. bought a new stake in ProShares Short High Yield in the second quarter worth about $8,598,000. Trek Financial LLC purchased a new position in ProShares Short High Yield in the third quarter valued at about $1,908,000. Finally, Choreo LLC purchased a new position in ProShares Short High Yield in the second 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.