ProShares Short High Yield (NYSEARCA:SJB) Shares Up 0.3% – Here’s What Happened

ProShares Short High Yield (NYSEARCA:SJB) shares shot up 0.3% during mid-day trading on Friday . The stock traded as high as $15.60 and last traded at $15.58. 486,633 shares changed hands during trading, an increase of 75% from the average session volume of 277,492 shares. The stock had previously closed at $15.54.

ProShares Short High Yield Price Performance

The stock has a 50 day simple moving average of $15.29 and a 200 day simple moving average of $15.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of ProShares Short High Yield in the second quarter worth $8,942,000. Csenge Advisory Group grew its holdings in 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 acquiring an additional 460,525 shares during the last quarter. Trek Financial LLC bought a new stake in ProShares Short High Yield in the 3rd quarter worth $1,908,000. Choreo LLC bought a new stake in ProShares Short High Yield in the 2nd quarter worth $1,175,000. Finally, Two Sigma Securities LLC purchased a new position in shares of ProShares Short High Yield in the second quarter valued at about $358,000.

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.