550,992 Shares in ProShares Short High Yield $SJB Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. purchased a new stake in ProShares Short High Yield (NYSEARCA:SJB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 550,992 shares of the company’s stock, valued at approximately $8,598,000. Envestnet Asset Management Inc. owned approximately 0.10% of ProShares Short High Yield at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Csenge Advisory Group grew its position in shares of ProShares Short High Yield by 1,919.0% during the first quarter. Csenge Advisory Group now owns 919,710 shares of the company’s stock worth $14,991,000 after buying an additional 874,158 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in ProShares Short High Yield in the first quarter worth approximately $2,015,000. Balefire LLC acquired a new position in ProShares Short High Yield during the 2nd quarter worth approximately $237,000. Finally, Fourpath Capital Management LLC grew its holdings in ProShares Short High Yield by 1.9% during the 2nd quarter. Fourpath Capital Management LLC now owns 393,663 shares of the company’s stock worth $6,143,000 after acquiring an additional 7,285 shares in the last quarter.

ProShares Short High Yield Stock Performance

Shares of SJB opened at $15.49 on Monday. The firm’s fifty day simple moving average is $15.47 and its 200-day simple moving average is $15.69. ProShares Short High Yield has a twelve month low of $15.34 and a twelve month high of $16.95.

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.