Proshares Short High Etf Profile
| SJB Etf | USD 16.27 0.01 0.06% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares Short is trading at 16.27 as of the 30th of November 2024, a 0.06 percent decrease since the beginning of the trading day. The etf's open price was 16.28. ProShares Short has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for ProShares Short High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Short High is traded on NYSEARCA Exchange in the United States. More on ProShares Short High
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Corporate ETFs, High Yield ETFs, Trading--Inverse Debt, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2011-03-21 |
| Benchmark | Markit iBoxx $ Liquid High Yield Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 73.33 Million |
| Average Trading Valume | 138,893.3 |
| Asset Type | Fixed Income |
| Category | Corporate |
| Focus | High Yield |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Jeffrey Ploshnick, Benjamin McAbee |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 16.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.98 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (2.11) |
| Name | ProShares Short High Yield |
| Currency Code | USD |
| Open Figi | BBG001KY32D8 |
| In Threey Volatility | 9.3 |
| 1y Volatility | 5.86 |
| 200 Day M A | 16.8645 |
| 50 Day M A | 16.3328 |
| Code | SJB |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
ProShares Short High [SJB] is traded in USA and was established 2011-03-21. The fund is classified under Trading--Inverse Debt category within ProShares family. The entity is thematically classified as Corporate ETFs. ProShares Short High at this time have 335.04 M in assets. , while the total return for the last 3 years was -0.5%.
Check ProShares Short Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares Short High Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top ProShares Short High Etf Constituents
| Markit Iboxx $ Liquid High Yield Index Swap Goldman Sachs Internation | 7.8600004% |
| Markit Iboxx $ Liquid High Yield Index Swap Ubs Ag | 20.47% |
| Markit Iboxx $ Liquid High Yield Index Swap Credit Suisse (Internatio | 30.200002% |
| Markit Iboxx $ Liquid High Yield Index Swap Citibank Na | 67.27% |
| United States Treasury Bills | 14.140001% |
ProShares Short Top Holders
| KAMIX | Kensington Managed Income | Mutual Fund | Nontraditional Bond |
ProShares Short High Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares Short. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.0008) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.1327 |
ProShares Short Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Short High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of ProShares Short High is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares Short's market value can be influenced by many factors that don't directly affect ProShares Short's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.