ProShares Short S&P 500 (NYSEARCA:SH) Hits New 12-Month Low – Time to Sell?

Shares of ProShares Short S&P 500 (NYSEARCA:SH) reached a new 52-week low on Friday . The company traded as low as $34.64 and last traded at $34.6550, with a volume of 5200917 shares traded. The stock had previously closed at $34.90.

ProShares Short S&P 500 Stock Down 0.6%

The business’s 50 day moving average is $36.63 and its 200-day moving average is $36.43.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SH. Sugar Maple Asset Management LLC bought a new stake in shares of ProShares Short S&P 500 during the 1st quarter valued at about $809,000. Discipline Wealth Solutions LLC boosted its stake in ProShares Short S&P 500 by 4.6% in the first quarter. Discipline Wealth Solutions LLC now owns 15,883 shares of the real estate investment trust’s stock valued at $602,000 after acquiring an additional 699 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of ProShares Short S&P 500 by 67.4% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,710 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 4,715 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of ProShares Short S&P 500 by 14.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 284,174 shares of the real estate investment trust’s stock valued at $10,239,000 after purchasing an additional 36,108 shares during the last quarter. Finally, Virtue Capital Management LLC raised its position in shares of ProShares Short S&P 500 by 639.0% during the 4th quarter. Virtue Capital Management LLC now owns 23,944 shares of the real estate investment trust’s stock worth $862,000 after purchasing an additional 20,704 shares during the period.

ProShares Short S&P 500 Company Profile

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.