Mutual Advisors LLC increased its position in shares of ProShares Short High Yield (NYSEARCA:SJB – Get Rating) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,000 shares of the company's stock after buying an additional 1,700 shares during the period. Mutual Advisors LLC owned about 0.11% of ProShares Short High Yield worth $342,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Peak Financial Advisors LLC purchased a new position in shares of ProShares Short High Yield during the fourth quarter valued at $3,573,000. Verity Asset Management Inc. bought a new stake in ProShares Short High Yield during the third quarter valued at about $245,000. Financial Advocates Investment Management boosted its position in ProShares Short High Yield by 2.6% during the third quarter. Financial Advocates Investment Management now owns 58,790 shares of the company's stock valued at $1,174,000 after purchasing an additional 1,492 shares in the last quarter. Financial Architects Inc bought a new stake in ProShares Short High Yield during the third quarter valued at about $297,000. Finally, Belpointe Asset Management LLC boosted its position in ProShares Short High Yield by 38.6% during the third quarter. Belpointe Asset Management LLC now owns 28,611 shares of the company's stock valued at $572,000 after purchasing an additional 7,972 shares in the last quarter.
Get ProShares Short High Yield alerts:ProShares Short High Yield Stock Up 0.2 %
Shares of SJB stock opened at $18.86 on Monday. ProShares Short High Yield has a 1-year low of $17.96 and a 1-year high of $20.21. The stock's 50-day moving average is $18.66 and its 200 day moving average is $18.98.
ProShares Short High Yield Company Profile
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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.
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