However, that does not change the fact that SJB pulled in almost $21 million last month. That may not sound like much, but it is an undeniably impressive haul when considering the ETF finished the second quarter with $41.45 million in assets under management, according to ProShares data.
Said another way, the latest batch of fears surrounding junk bond ETFs has helped SJB grow by nearly 50% in just a month. SJB is up 2.6% over the past month and it appears more traders are waking up to the ETF’s utility. With just under three and a half hours left in Monday’s session, SJB is approaching double its average daily turnover.
ProShares Short High Yield
Tom Lydon’s clients own shares of JNK and HYG.