ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,543,232 shares, an increase of 125.3% from the May 31st total of 684,973 shares. Approximately 4.5% of the shares of the company are sold short. Based on an average daily trading volume, of 12,184,283 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On ProShares Short S&P 500
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Axiom Investment Management LLC acquired a new position in shares of ProShares Short S&P 500 in the first quarter valued at $7,154,000. Bank of America Corp DE lifted its stake in shares of ProShares Short S&P 500 by 5,420.0% during the 1st quarter. Bank of America Corp DE now owns 6,900 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 6,775 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of ProShares Short S&P 500 during the 1st quarter worth about $10,769,000. Arete Wealth Advisors LLC bought a new stake in shares of ProShares Short S&P 500 during the 1st quarter worth about $10,853,000. Finally, EverSource Wealth Advisors LLC grew its stake in ProShares Short S&P 500 by 3,040.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,401 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 5,229 shares during the last quarter.
ProShares Short S&P 500 Stock Performance
Shares of SH traded up $0.03 during mid-day trading on Wednesday, reaching $33.05. The company’s stock had a trading volume of 4,212,410 shares, compared to its average volume of 11,052,574. ProShares Short S&P 500 has a 1-year low of $32.71 and a 1-year high of $39.85. The business has a 50-day simple moving average of $33.67 and a two-hundred day simple moving average of $35.40.
ProShares Short S&P 500 Company Profile
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.
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