Elevated Capital Advisors LLC Increases ProShares Short High Yield Stake

Elevated Capital Advisors LLC has significantly boosted its investment in ProShares Short High Yield (NYSEARCA:SJB) by 73% during the third quarter, as revealed in their latest 13F filing with the Securities and Exchange Commission (SEC). After purchasing an additional 11,467 shares, the fund now holds a total of 27,167 shares of ProShares Short High Yield. This represents approximately 0.49% of the total shares, valued at around $440,000 at the conclusion of the quarter.

Several other institutional investors have also made changes to their positions in ProShares Short High Yield (SJB) recently. Comerica Bank increased its stake by 21.6% in the first quarter, acquiring an additional 1,000 shares, leading to a total ownership of 5,623 shares worth $96,000. Meanwhile, Great Lakes Retirement Inc. established a new position in the first quarter valued at $367,000. Similarly, Mid American Wealth Advisory Group Inc. raised its stake by an impressive 101.3% in the second quarter, now holding 27,556 shares worth $467,000 after purchasing an additional 13,870 shares. Lloyd Advisory Services LLC also grew its stake by 4.4% in the third quarter, now owning 98,952 shares valued at $1,602,000 after buying 4,168 more shares. Lastly, AE Wealth Management LLC increased its holdings by 6.6% in the second quarter to 274,969 shares valued at $4,658,000 following the acquisition of 17,076 additional shares.

ProShares Short High Yield Price Trends

As of Thursday, the ProShares Short High Yield ETF was trading at $16.41. Throughout the past year, the fund reached a low of $16.17 and a high of $18.87. Currently, it has a fifty-day moving average of $16.44 and a 200-day moving average of $16.86.

About ProShares Short High Yield

The ProShares Short High Yield (SJB) is an ETF that offers inverse exposure to the iBoxx USD Liquid High Yield index. The ETF aims to provide investment results that correspond to the inverse of the performance of a modified market-value-weighted index of US-dollar-denominated corporate high-yield bonds with maturities ranging from 3 to 15 years.

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