Merkkuri Wealth Advisors LLC Cuts Stake in ProShares Short High Yield (NYSEARCA:SJB)

Merkkuri Wealth Advisors LLC decreased its stake in ProShares Short High Yield (NYSEARCA:SJB) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,078 shares of the company’s stock after selling 1,421 shares during the period. Merkkuri Wealth Advisors LLC owned approximately 0.22% of ProShares Short High Yield worth $195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SJB. Solstein Capital LLC acquired a new position in ProShares Short High Yield during the 3rd quarter worth approximately $5,073,000. Lloyd Advisory Services LLC. lifted its position in shares of 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 purchasing an additional 4,168 shares in the last quarter. Mid American Wealth Advisory Group Inc. lifted its position in shares of 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, Elevated Capital Advisors LLC boosted its stake in shares of ProShares Short High Yield by 29.8% in the fourth quarter. Elevated Capital Advisors LLC now owns 35,274 shares of the company’s stock valued at $570,000 after purchasing an additional 8,107 shares during the period.

ProShares Short High Yield Price Performance

ProShares Short High Yield stock opened at $16.01 on Friday. ProShares Short High Yield has a 12-month low of $15.97 and a 12-month high of $17.53. The firm’s fifty day moving average price is $16.22 and its 200 day moving average price is $16.42.

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.