ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.33 and traded as low as $32.23. ProShares Short S&P 500 shares last traded at $32.35, with a volume of 6,561,889 shares.
ProShares Short S&P 500 Trading Up 0.5%
The business has a fifty day simple moving average of $32.73 and a 200 day simple moving average of $34.33.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SH. J. Safra Sarasin Holding AG grew its holdings in shares of ProShares Short S&P 500 by 296.4% during the first quarter. J. Safra Sarasin Holding AG now owns 60,510 shares of the real estate investment trust’s stock worth $2,295,000 after buying an additional 45,246 shares in the last quarter. Canal Capital Management LLC acquired a new stake in shares of ProShares Short S&P 500 in the first quarter valued at about $2,634,000. Cetera Investment Advisers raised its position in shares of ProShares Short S&P 500 by 15.8% in the first quarter. Cetera Investment Advisers now owns 145,868 shares of the real estate investment trust’s stock valued at $5,533,000 after buying an additional 19,933 shares during the last quarter. Leuthold Group LLC purchased a new position in ProShares Short S&P 500 in the 4th quarter worth approximately $2,804,000. Finally, Axiom Investment Management LLC purchased a new stake in ProShares Short S&P 500 in the 1st quarter valued at $7,154,000.
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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