HighTower Advisors LLC increased its stake in ProShares Short High Yield (NYSEARCA:SJB – Free Report) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,571,503 shares of the company’s stock after purchasing an additional 7,174 shares during the quarter. HighTower Advisors LLC owned approximately 11.86% of ProShares Short High Yield worth $28,835,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in ProShares Short High Yield in the 1st quarter worth about $32,000. EverSource Wealth Advisors LLC purchased a new position in ProShares Short High Yield in the 4th quarter worth about $39,000. IFP Advisors Inc boosted its position in ProShares Short High Yield by 1,433.3% during the 1st quarter. IFP Advisors Inc now owns 2,300 shares of the company’s stock worth $53,000 after acquiring an additional 2,150 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in ProShares Short High Yield during the 4th quarter worth about $56,000. Finally, McIlrath & Eck LLC acquired a new stake in ProShares Short High Yield during the 4th quarter worth about $57,000.
ProShares Short High Yield Stock Performance
Shares of NYSEARCA SJB opened at $18.24 on Thursday. ProShares Short High Yield has a one year low of $18.06 and a one year high of $20.21. The business has a 50-day moving average price of $18.34 and a two-hundred day moving average price of $18.54.
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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