ProShares Short High Yield (NYSEARCA:SJB – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $15.38 and traded as high as $15.43. ProShares Short High Yield shares last traded at $15.41, with a volume of 174,077 shares traded.
ProShares Short High Yield Price Performance
The stock has a 50-day simple moving average of $15.38 and a 200 day simple moving average of $15.32.
Hedge Funds Weigh In On ProShares Short High Yield
A hedge fund recently bought a new stake in ProShares Short High Yield stock. Private Advisor Group LLC acquired a new position in ProShares Short High Yield (NYSEARCA:SJB – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company’s stock, valued at approximately $155,000. Private Advisor Group LLC owned 0.15% of ProShares Short High Yield as of its most recent SEC filing.
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.
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