ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 948,102 shares, a drop of 51.0% from the July 15th total of 1,933,768 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 8,129,784 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of ProShares Short S&P 500
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stack Financial Management Inc purchased a new stake in shares of ProShares Short S&P 500 during the 4th quarter worth about $90,286,000. UBS Group AG boosted its position in ProShares Short S&P 500 by 167.7% during the third quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock worth $60,590,000 after purchasing an additional 1,026,917 shares in the last quarter. Three Seasons Wealth LLC acquired a new stake in ProShares Short S&P 500 in the first quarter valued at approximately $20,507,000. Arlington Capital Management Inc. acquired a new stake in ProShares Short S&P 500 in the third quarter valued at approximately $12,257,000. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of ProShares Short S&P 500 in the first quarter valued at approximately $10,853,000.
ProShares Short S&P 500 Stock Up 0.6%
SH stock traded up $0.20 during trading on Tuesday, hitting $32.33. 3,904,950 shares of the company traded hands, compared to its average volume of 10,197,821. ProShares Short S&P 500 has a 1 year low of $31.83 and a 1 year high of $39.20. The stock’s 50-day simple moving average is $33.05 and its 200 day simple moving average is $34.66.
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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