Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of ProShares Short High Yield (NYSEARCA:SJB – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 448,202 shares of the company's stock, valued at approximately $8,969,000. ProShares Short High Yield accounts for approximately 3.8% of Thomas J. Herzfeld Advisors Inc.'s holdings, making the stock its 7th largest holding. Thomas J. Herzfeld Advisors Inc. owned about 2.51% of ProShares Short High Yield at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS Group AG bought a new stake in shares of ProShares Short High Yield in the third quarter worth approximately $187,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of ProShares Short High Yield during the first quarter valued at approximately $203,000. InterOcean Capital Group LLC bought a new stake in shares of ProShares Short High Yield during the second quarter valued at approximately $265,000. Orion Portfolio Solutions LLC bought a new stake in shares of ProShares Short High Yield during the third quarter valued at approximately $283,000. Finally, Mutual Advisors LLC bought a new stake in shares of ProShares Short High Yield during the third quarter valued at approximately $326,000.
Get ProShares Short High Yield alerts:ProShares Short High Yield Trading Down 0.3 %
SJB traded down $0.06 during trading hours on Monday, hitting $18.77. The company's stock had a trading volume of 617,400 shares, compared to its average volume of 691,270. ProShares Short High Yield has a 12 month low of $17.89 and a 12 month high of $20.21. The business's 50-day moving average price is $18.60 and its 200-day moving average price is $18.95.
Further Reading
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