NewEdge Advisors LLC lowered its position in ProShares Short S&P 500 (NYSEARCA:SH – Free Report) by 99.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,087 shares of the real estate investment trust’s stock after selling 167,179 shares during the quarter. NewEdge Advisors LLC’s holdings in ProShares Short S&P 500 were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in SH. WFA of San Diego LLC acquired a new position in shares of ProShares Short S&P 500 during the second quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Short S&P 500 in the 4th quarter valued at approximately $55,000. Atlantic Union Bankshares Corp raised its stake in ProShares Short S&P 500 by 51.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 575 shares in the last quarter. Ascentis Independent Advisors bought a new stake in ProShares Short S&P 500 during the 1st quarter valued at $67,000. Finally, Raymond James Financial Inc. acquired a new position in ProShares Short S&P 500 during the 2nd quarter worth $77,000.
ProShares Short S&P 500 Trading Down 0.6%
Shares of SH stock opened at $32.25 on Friday. ProShares Short S&P 500 has a 1 year low of $31.83 and a 1 year high of $39.20. The stock has a fifty day moving average of $32.87 and a two-hundred day moving average of $34.47.
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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Want to see what other hedge funds are holding SH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Short S&P 500 (NYSEARCA:SH – Free Report).
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