AE Wealth Management LLC lifted its position in ProShares Short High Yield (NYSEARCA:SJB – Get Rating) by 26.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,663 shares of the company's stock after purchasing an additional 11,075 shares during the quarter. AE Wealth Management LLC owned about 0.31% of ProShares Short High Yield worth $1,020,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of ProShares Short High Yield by 160.6% during the 2nd quarter. Jane Street Group LLC now owns 561,847 shares of the company's stock worth $11,102,000 after purchasing an additional 346,212 shares during the period. Reuter James Wealth Management LLC raised its stake in shares of ProShares Short High Yield by 1.6% in the 3rd quarter. Reuter James Wealth Management LLC now owns 464,887 shares of the company's stock valued at $9,302,000 after acquiring an additional 7,530 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of ProShares Short High Yield during the third quarter worth $8,969,000. Vista Finance LLC boosted its position in shares of ProShares Short High Yield by 67.0% during the third quarter. Vista Finance LLC now owns 356,156 shares of the company's stock worth $7,127,000 after buying an additional 142,834 shares during the period. Finally, Empowered Funds LLC purchased a new stake in ProShares Short High Yield during the fourth quarter worth about $6,242,000.
Get ProShares Short High Yield alerts:ProShares Short High Yield Price Performance
Shares of SJB stock opened at $18.49 on Monday. ProShares Short High Yield has a 52 week low of $18.06 and a 52 week high of $20.21. The firm has a 50 day moving average of $18.72 and a two-hundred day moving average of $18.85.
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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