ProShares Short High Yield (NYSEARCA:SJB) Shares Climb 0.1% – Still a Buy?

ProShares Short High Yield (NYSEARCA:SJB) shares rose 0.1% during mid-day trading on Monday. The stock traded as high as $15.54 and last traded at $15.53. 116,738 shares were traded during trading, a decline of 53% from the average daily volume of 247,219 shares. The stock had previously closed at $15.52.

ProShares Short High Yield Stock Performance

The stock has a 50-day moving average of $15.31 and a two-hundred day moving average of $15.28.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bravias Capital Group LLC purchased a new position in ProShares Short High Yield in the 1st quarter worth approximately $162,000. Private Advisor Group LLC bought a new position in shares of ProShares Short High Yield in the 1st quarter valued at about $155,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of ProShares Short High Yield in the 1st quarter worth approximately $147,000.

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.