ProShares Short High Yield (NYSEARCA:SJB) Trading Up 0.6% – Here’s What Happened

ProShares Short High Yield (NYSEARCA:SJB) shares were up 0.6% during trading on Friday . The company traded as high as $15.44 and last traded at $15.44. Approximately 186,224 shares changed hands during trading, a decline of 44% from the average daily volume of 330,962 shares. The stock had previously closed at $15.35.

ProShares Short High Yield Trading Up 0.6%

The company has a 50 day moving average of $15.41 and a two-hundred day moving average of $15.37.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in ProShares Short High Yield during the second quarter valued at about $135,000. Merkkuri Wealth Advisors LLC bought a new position in ProShares Short High Yield during the first quarter valued at about $147,000. Private Advisor Group LLC bought a new position in ProShares Short High Yield during the first quarter valued at about $155,000. Simplex Trading LLC boosted its stake in ProShares Short High Yield by 1,673.5% during the fourth quarter. Simplex Trading LLC now owns 10,162 shares of the company’s stock valued at $155,000 after buying an additional 9,589 shares in the last quarter. Finally, Bravias Capital Group LLC bought a new position in ProShares Short High Yield during the first quarter valued at about $162,000.

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. SJB was launched on Mar 21, 2011 and is managed by ProShares.