SG Americas Securities LLC increased its position in ProShares Short High Yield (NYSEARCA:SJB – Get Rating) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,630 shares of the company's stock after buying an additional 5,000 shares during the period. SG Americas Securities LLC owned 0.20% of ProShares Short High Yield worth $639,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. BlackDiamond Wealth Management Inc. raised its position in ProShares Short High Yield by 2.3% during the fourth quarter. BlackDiamond Wealth Management Inc. now owns 34,400 shares of the company's stock valued at $636,000 after purchasing an additional 781 shares during the period. UBS Group AG raised its position in ProShares Short High Yield by 9.7% during the first quarter. UBS Group AG now owns 10,620 shares of the company's stock valued at $192,000 after purchasing an additional 942 shares during the period. Financial Advocates Investment Management raised its position in ProShares Short High Yield by 2.6% during the third quarter. Financial Advocates Investment Management now owns 58,790 shares of the company's stock valued at $1,174,000 after purchasing an additional 1,492 shares during the period. Mutual Advisors LLC raised its position in ProShares Short High Yield by 10.4% during the fourth quarter. Mutual Advisors LLC now owns 18,000 shares of the company's stock valued at $342,000 after purchasing an additional 1,700 shares during the period. Finally, Nadler Financial Group Inc. raised its position in ProShares Short High Yield by 24.8% during the third quarter. Nadler Financial Group Inc. now owns 21,217 shares of the company's stock valued at $425,000 after purchasing an additional 4,215 shares during the period.
Get ProShares Short High Yield alerts:ProShares Short High Yield Stock Performance
Shares of SJB stock opened at $18.52 on Wednesday. The stock's 50 day simple moving average is $18.68 and its two-hundred day simple moving average is $18.79. ProShares Short High Yield has a 1 year low of $18.06 and a 1 year high of $20.21.
ProShares Short High Yield Profile
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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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