ProShares Short High Yield (NYSEARCA:SJB) Stock Price Up 0.1% – What’s Next?

ProShares Short High Yield (NYSEARCA:SJB)’s share price rose 0.1% during mid-day trading on Wednesday . The stock traded as high as $16.27 and last traded at $16.27. Approximately 26,567 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 122,599 shares. The stock had previously closed at $16.26.

ProShares Short High Yield Stock Up 0.5 %

The firm has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $16.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in shares of ProShares Short High Yield by 21.6% in the 1st quarter. Comerica Bank now owns 5,623 shares of the company’s stock valued at $96,000 after purchasing an additional 1,000 shares in the last quarter. Elevated Capital Advisors LLC acquired a new position in shares of ProShares Short High Yield in the 2nd quarter worth approximately $266,000. Mid American Wealth Advisory Group Inc. increased its holdings in ProShares Short High Yield by 69.8% during the 3rd quarter. Mid American Wealth Advisory Group Inc. now owns 46,777 shares of the company’s stock valued at $757,000 after purchasing an additional 19,221 shares in the last quarter. Lloyd Advisory Services LLC. raised its position in ProShares Short High Yield by 4.4% in the 3rd 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 during the last quarter. Finally, AE Wealth Management LLC boosted its stake in ProShares Short High Yield by 6.6% in the second quarter. AE Wealth Management LLC now owns 274,969 shares of the company’s stock worth $4,658,000 after purchasing an additional 17,076 shares in 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.