BlackDiamond Wealth Management Inc. increased its stake in ProShares Short High Yield (NYSEARCA:SJB – Get Rating) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,400 shares of the company's stock after purchasing an additional 781 shares during the quarter. BlackDiamond Wealth Management Inc.'s holdings in ProShares Short High Yield were worth $636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SJB. Jane Street Group LLC lifted its position in shares of ProShares Short High Yield by 160.6% in the second quarter. Jane Street Group LLC now owns 561,847 shares of the company's stock valued at $11,102,000 after acquiring an additional 346,212 shares in the last quarter. Csenge Advisory Group raised its stake in ProShares Short High Yield by 2.3% during the 3rd quarter. Csenge Advisory Group now owns 514,303 shares of the company's stock valued at $10,291,000 after purchasing an additional 11,638 shares during the period. Reuter James Wealth Management LLC boosted its stake in ProShares Short High Yield by 1.6% in the 3rd quarter. Reuter James Wealth Management LLC now owns 464,887 shares of the company's stock worth $9,302,000 after purchasing an additional 7,530 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in ProShares Short High Yield during the 3rd quarter valued at approximately $8,969,000. Finally, Vista Finance LLC raised its position in shares of ProShares Short High Yield by 67.0% during the third quarter. Vista Finance LLC now owns 356,156 shares of the company's stock valued at $7,127,000 after buying an additional 142,834 shares during the last quarter.

ProShares Short High Yield Price Performance

Shares of NYSEARCA:SJB traded down $0.09 during midday trading on Thursday, reaching $18.67. 89,936 shares of the company were exchanged, compared to its average volume of 726,778. The business's fifty day moving average is $18.63 and its two-hundred day moving average is $18.99. ProShares Short High Yield has a one year low of $17.96 and a one 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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