ProShares Short High Yield $SJB Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC cut its holdings in ProShares Short High Yield (NYSEARCA:SJB) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,865 shares of the company’s stock after selling 46,592 shares during the quarter. ProShares Short High Yield accounts for 1.4% of Stableford Capital II LLC’s portfolio, making the stock its 14th biggest holding. Stableford Capital II LLC owned 7.79% of ProShares Short High Yield worth $3,981,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SJB. BNP Paribas Financial Markets acquired a new stake in ProShares Short High Yield in the second quarter valued at $135,000. Two Sigma Securities LLC acquired a new position in shares of ProShares Short High Yield during the 2nd quarter worth $358,000. Choreo LLC acquired a new position in ProShares Short High Yield during the second quarter worth about $1,175,000. Trek Financial LLC acquired a new position in shares of ProShares Short High Yield during the 3rd quarter worth approximately $1,908,000. Finally, Csenge Advisory Group raised its holdings in shares of ProShares Short High Yield by 45.1% in the third 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.

ProShares Short High Yield Trading Up 0.7%

Shares of SJB opened at $15.63 on Friday. The stock has a fifty day moving average of $15.35 and a two-hundred day moving average of $15.40. ProShares Short High Yield has a fifty-two week low of $15.18 and a fifty-two week high of $16.95.

ProShares Short High Yield Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a $0.0333 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.13 annualized dividend and a dividend yield of 0.9%.

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.