ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $31.86 and last traded at $31.8360, with a volume of 3272115 shares traded. The stock had previously closed at $32.10.
ProShares Short S&P 500 Trading Down 0.5%
The stock has a 50-day moving average price of $33.13 and a 200 day moving average price of $34.73.
Institutional Trading of ProShares Short S&P 500
Several hedge funds have recently bought and sold shares of SH. WFA of San Diego LLC acquired a new position in shares of ProShares Short S&P 500 in the second quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ProShares Short S&P 500 during the fourth quarter worth $55,000. Atlantic Union Bankshares Corp raised its holdings in shares of ProShares Short S&P 500 by 51.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 575 shares during the period. Ascentis Independent Advisors bought a new stake in ProShares Short S&P 500 in the 1st quarter valued at $67,000. Finally, Raymond James Financial Inc. bought a new stake in ProShares Short S&P 500 in the 2nd quarter valued at $77,000.
About ProShares Short S&P 500
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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