ProShares Short High Yield (NYSEARCA:SJB) Shares Down 0.2% – Here’s Why

ProShares Short High Yield (NYSEARCA:SJB)’s stock price were down 0.2% on Tuesday . The company traded as low as $16.06 and last traded at $16.08. Approximately 947,455 shares were traded during mid-day trading, an increase of 629% from the average daily volume of 129,878 shares. The stock had previously closed at $16.12.

ProShares Short High Yield Price Performance

The stock has a 50-day simple moving average of $16.04 and a 200-day simple moving average of $16.20.

ProShares Short High Yield Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be issued a $0.0955 dividend. The ex-dividend date is Wednesday, March 26th.

Institutional Trading of ProShares Short High Yield

Several hedge funds and other institutional investors have recently modified their holdings of the business. Park Square Financial Group LLC bought a new stake in shares of ProShares Short High Yield during the 4th quarter valued at $168,000. Elevated Capital Advisors LLC lifted its holdings in shares of ProShares Short High Yield by 29.8% in the fourth quarter. Elevated Capital Advisors LLC now owns 35,274 shares of the company’s stock worth $570,000 after buying an additional 8,107 shares in the last quarter. Jane Street Group LLC boosted its position in shares of ProShares Short High Yield by 254.2% in the fourth quarter. Jane Street Group LLC now owns 132,607 shares of the company’s stock valued at $2,142,000 after acquiring an additional 95,164 shares during the period. Finally, Fourpath Capital Management LLC boosted its position in shares of ProShares Short High Yield by 4.4% in the fourth quarter. Fourpath Capital Management LLC now owns 370,174 shares of the company’s stock valued at $5,978,000 after acquiring an additional 15,652 shares during the period.

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.