AE Wealth Management LLC lifted its stake in shares of ProShares Short High Yield (NYSEARCA:SJB – Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 274,969 shares of the company’s stock after buying an additional 17,076 shares during the quarter. AE Wealth Management LLC owned about 5.00% of ProShares Short High Yield worth $4,658,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Comerica Bank grew its holdings in ProShares Short High Yield by 21.6% in the first quarter. Comerica Bank now owns 5,623 shares of the company’s stock worth $96,000 after purchasing an additional 1,000 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in ProShares Short High Yield in the 1st quarter valued at about $234,000. Elevated Capital Advisors LLC acquired a new position in ProShares Short High Yield during the 2nd quarter worth approximately $266,000. Great Lakes Retirement Inc. acquired a new position in ProShares Short High Yield during the 1st quarter worth approximately $367,000. Finally, Lloyd Advisory Services LLC. bought a new position in ProShares Short High Yield in the first quarter worth approximately $2,283,000.
ProShares Short High Yield Stock Performance
NYSEARCA SJB opened at $16.38 on Friday. ProShares Short High Yield has a 52 week low of $16.33 and a 52 week high of $18.96. The business has a 50 day moving average price of $16.66 and a 200-day moving average price of $17.01.
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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