ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 431,120 shares, a decrease of 45.2% from the April 15th total of 787,229 shares. Based on an average daily trading volume, of 10,826,502 shares, the short-interest ratio is currently 0.0 days. Approximately 1.3% of the company’s stock are short sold.
ProShares Short S&P 500 Trading Up 1.3%
SH stock traded up $0.42 during midday trading on Friday, hitting $33.56. 7,983,704 shares of the company traded hands, compared to its average volume of 11,226,315. ProShares Short S&P 500 has a twelve month low of $33.08 and a twelve month high of $42.89. The business has a 50 day simple moving average of $36.04 and a 200-day simple moving average of $36.13.
Hedge Funds Weigh In On ProShares Short S&P 500
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stack Financial Management Inc acquired a new position in ProShares Short S&P 500 during the fourth quarter valued at approximately $90,286,000. UBS Group AG grew its holdings 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 valued at $60,590,000 after purchasing an additional 1,026,917 shares during the last quarter. Three Seasons Wealth LLC acquired a new position in ProShares Short S&P 500 during the first quarter valued at approximately $20,507,000. Stratos Wealth Advisors LLC acquired a new position in ProShares Short S&P 500 during the fourth quarter valued at approximately $17,698,000. Finally, Focus Partners Wealth grew its holdings in ProShares Short S&P 500 by 3.2% during the fourth quarter. Focus Partners Wealth now owns 407,260 shares of the real estate investment trust’s stock valued at $14,674,000 after purchasing an additional 12,658 shares during the last quarter.
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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