ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.54 and traded as low as $32.48. ProShares Short S&P 500 shares last traded at $32.55, with a volume of 6,697,952 shares.
ProShares Short S&P 500 Stock Performance
The company has a fifty day simple moving average of $32.91 and a two-hundred day simple moving average of $34.52.
Hedge Funds Weigh In On ProShares Short S&P 500
Institutional investors have recently modified their holdings of the business. WFA of San Diego LLC bought a new stake in ProShares Short S&P 500 during the 2nd quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. bought 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 acquired a new stake in shares of ProShares Short S&P 500 during the first quarter worth $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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