TAP Consulting LLC trimmed its stake in ProShares Short S&P500 (NYSEARCA:SH – Free Report) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,799 shares of the real estate investment trust’s stock after selling 44,660 shares during the quarter. TAP Consulting LLC owned 0.16% of ProShares Short S&P500 worth $2,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of ProShares Short S&P500 during the 3rd quarter worth approximately $111,000. First Horizon Advisors Inc. bought a new position in ProShares Short S&P500 in the 3rd quarter worth approximately $143,000. Rathbones Group PLC acquired a new position in ProShares Short S&P500 during the 3rd quarter worth $159,000. Milestone Asset Management LLC bought a new position in ProShares Short S&P500 in the third quarter valued at about $165,000. Finally, Raymond James & Associates bought a new stake in shares of ProShares Short S&P500 during the third quarter worth approximately $171,000.
ProShares Short S&P500 Stock Performance
SH stock traded up $0.07 during mid-day trading on Thursday, hitting $12.40. 18,523,953 shares of the company were exchanged, compared to its average volume of 21,090,557. ProShares Short S&P500 has a 1-year low of $11.81 and a 1-year high of $15.29. The firm’s 50 day simple moving average is $12.20 and its 200 day simple moving average is $13.07.
About ProShares Short S&P500
ProShares Short S&P500 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P 500 Index (the Index). The S&P 500 Index is a measure of large-cap United States stock market performance. It is a capitalization weighted index of 500 United States operating companies and selected real estate investment trusts.
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