ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Update

ProShares Short S&P 500 (NYSEARCA:SHGet Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,029,430 shares, a growth of 28.7% from the March 15th total of 799,700 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 15,393,023 shares, the days-to-cover ratio is presently 0.1 days.

ProShares Short S&P 500 Price Performance

Shares of SH traded down $0.41 during trading hours on Friday, reaching $34.80. 15,826,961 shares of the company traded hands, compared to its average volume of 11,821,561. ProShares Short S&P 500 has a 12-month low of $34.68 and a 12-month high of $48.32. The business has a fifty day moving average price of $36.72 and a 200-day moving average price of $36.50.

ProShares Short S&P 500 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.1789 dividend. This represents a $0.72 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, March 25th.

Institutional Investors Weigh In On ProShares Short S&P 500

Several hedge funds have recently added to or reduced their stakes in SH. Nvwm LLC purchased a new stake in ProShares Short S&P 500 in the fourth quarter valued at $36,000. WFA of San Diego LLC purchased a new stake in ProShares Short S&P 500 in the second quarter valued at $36,000. Atlantic Union Bankshares Corp purchased a new stake in ProShares Short S&P 500 in the third quarter valued at $42,000. Northwestern Mutual Wealth Management Co. purchased a new stake in ProShares Short S&P 500 in the fourth quarter valued at $55,000. Finally, Raymond James Financial Inc. purchased a new stake in ProShares Short S&P 500 in the second quarter valued at $77,000.

About ProShares Short S&P 500

(Get Free Report)

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. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.

Further Reading

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