ProShares Short High Yield (NYSEARCA:SJB) Stock Price Down 0.1% – Here’s What Happened

ProShares Short High Yield (NYSEARCA:SJB) dropped 0.1% on Friday . The stock traded as low as $15.15 and last traded at $15.16. 112,323 shares changed hands during trading, a decline of 58% from the average daily volume of 265,525 shares. The stock had previously closed at $15.18.

ProShares Short High Yield Stock Down 0.1%

The company’s fifty day moving average price is $15.19 and its 200-day moving average price is $15.30.

Hedge Funds Weigh In On ProShares Short High Yield

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in ProShares Short High Yield during the 2nd quarter valued at $135,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of ProShares Short High Yield in the 1st quarter valued at about $147,000. Private Advisor Group LLC purchased a new position in shares of ProShares Short High Yield in the 1st quarter worth approximately $155,000. Simplex Trading LLC grew its position in shares of ProShares Short High Yield by 1,673.5% in the 4th quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock worth $155,000 after buying an additional 9,589 shares during the last quarter. Finally, Bravias Capital Group LLC bought a new position in shares of ProShares Short High Yield during the 1st quarter worth approximately $162,000.

ProShares Short High Yield Company 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. SJB was launched on Mar 21, 2011 and is managed by ProShares.