ProShares Short High Yield (NYSEARCA:SJB) Shares Up 0.1% – Should You Buy?

ProShares Short High Yield (NYSEARCA:SJB) traded up 0.1% on Wednesday . The company traded as high as $16.27 and last traded at $16.27. 26,567 shares changed hands during trading, a decline of 78% from the average session volume of 122,599 shares. The stock had previously closed at $16.26.

ProShares Short High Yield Price Performance

The firm’s fifty day moving average price is $16.33 and its 200-day moving average price is $16.63.

Hedge Funds Weigh In On ProShares Short High Yield

Several institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank boosted its stake in ProShares Short High Yield by 21.6% in the 1st quarter. Comerica Bank now owns 5,623 shares of the company’s stock worth $96,000 after purchasing an additional 1,000 shares during the period. Lloyd Advisory Services LLC. lifted its holdings in shares of ProShares Short High Yield by 4.4% in the third quarter. Lloyd Advisory Services LLC. now owns 98,952 shares of the company’s stock valued at $1,602,000 after purchasing an additional 4,168 shares in the last quarter. Elevated Capital Advisors LLC boosted its position in shares of ProShares Short High Yield by 73.0% during the third quarter. Elevated Capital Advisors LLC now owns 27,167 shares of the company’s stock worth $440,000 after buying an additional 11,467 shares during the period. AE Wealth Management LLC grew its holdings in shares of ProShares Short High Yield by 6.6% during the second quarter. AE Wealth Management LLC now owns 274,969 shares of the company’s stock worth $4,658,000 after buying an additional 17,076 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. raised its position in ProShares Short High Yield by 69.8% in the 3rd quarter. Mid American Wealth Advisory Group Inc. now owns 46,777 shares of the company’s stock valued at $757,000 after buying an additional 19,221 shares during the last quarter.

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.