Citizens Financial Group Inc. RI bought a new stake in shares of ProShares Short High Yield (NYSEARCA:SJB – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 212,241 shares of the company’s stock, valued at approximately $3,659,000.
Several other hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC purchased a new position in shares of ProShares Short High Yield during the fourth quarter valued at approximately $49,000. International Assets Investment Management LLC bought a new stake in ProShares Short High Yield during the fourth quarter worth $74,000. Reuter James Wealth Management LLC bought a new stake in ProShares Short High Yield during the third quarter worth $11,847,000. Samalin Investment Counsel LLC lifted its holdings in ProShares Short High Yield by 3.6% during the third quarter. Samalin Investment Counsel LLC now owns 33,558 shares of the company’s stock worth $619,000 after acquiring an additional 1,168 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in ProShares Short High Yield by 30.4% during the third quarter. Mutual Advisors LLC now owns 27,477 shares of the company’s stock worth $507,000 after acquiring an additional 6,400 shares during the period.
ProShares Short High Yield Stock Performance
ProShares Short High Yield stock traded down $0.03 during mid-day trading on Friday, reaching $17.35. 76,267 shares of the company’s stock were exchanged, compared to its average volume of 163,596. The business’s fifty day simple moving average is $17.28 and its 200 day simple moving average is $17.63. ProShares Short High Yield has a one year low of $17.00 and a one year high of $18.96.
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.
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