Jane Street Group LLC Sells 74,155 Shares of ProShares Short High Yield (NYSEARCA:SJB)

Jane Street Group LLC lowered its stake in shares of ProShares Short High Yield (NYSEARCA:SJB) by 66.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 37,443 shares of the company’s stock after selling 74,155 shares during the quarter. Jane Street Group LLC’s holdings in ProShares Short High Yield were worth $606,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC grew its position in ProShares Short High Yield by 73.0% during the third quarter. Elevated Capital Advisors LLC now owns 27,167 shares of the company’s stock worth $440,000 after buying an additional 11,467 shares in the last quarter. Mid American Wealth Advisory Group Inc. grew its position 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 buying an additional 19,221 shares in the last quarter. Lloyd Advisory Services LLC. grew its position in ProShares Short High Yield by 4.4% during the third 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. AE Wealth Management LLC grew its position in ProShares Short High Yield by 6.6% during the second quarter. AE Wealth Management LLC now owns 274,969 shares of the company’s stock worth $4,658,000 after buying an additional 17,076 shares in the last quarter. Finally, Solstein Capital LLC acquired a new stake in ProShares Short High Yield during the third quarter worth approximately $5,073,000.

ProShares Short High Yield Price Performance

Shares of NYSEARCA:SJB opened at $16.09 on Friday. ProShares Short High Yield has a 1 year low of $16.07 and a 1 year high of $17.53. The business’s 50 day simple moving average is $16.30 and its 200 day simple moving average is $16.52.

ProShares Short High Yield 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.