ProShares Short High Yield (NYSEARCA:SJB) Shares Sold by Merkkuri Wealth Advisors LLC

Merkkuri Wealth Advisors LLC trimmed its holdings in ProShares Short High Yield (NYSEARCA:SJB) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,078 shares of the company’s stock after selling 1,421 shares during the quarter. Merkkuri Wealth Advisors LLC’s holdings in ProShares Short High Yield were worth $195,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SJB. Lloyd Advisory Services LLC. raised its position in shares of ProShares Short High Yield by 4.4% during the 3rd quarter. Lloyd Advisory Services LLC. now owns 98,952 shares of the company’s stock worth $1,602,000 after buying an additional 4,168 shares in the last quarter. Elevated Capital Advisors LLC increased its stake in shares of ProShares Short High Yield by 29.8% during the fourth quarter. Elevated Capital Advisors LLC now owns 35,274 shares of the company’s stock valued at $570,000 after acquiring an additional 8,107 shares during the period. Mid American Wealth Advisory Group Inc. raised its holdings in ProShares Short High Yield by 69.8% during the third quarter. Mid American Wealth Advisory Group Inc. now owns 46,777 shares of the company’s stock worth $757,000 after purchasing an additional 19,221 shares in the last quarter. Finally, Solstein Capital LLC acquired a new stake in ProShares Short High Yield in the third quarter worth approximately $5,073,000.

ProShares Short High Yield Price Performance

Shares of NYSEARCA SJB opened at $16.01 on Friday. ProShares Short High Yield has a 1 year low of $15.97 and a 1 year high of $17.53. The stock has a fifty day moving average price of $16.22 and a two-hundred day moving average price of $16.42.

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.