Sugar Maple Asset Management LLC acquired a new position in ProShares Short S&P 500 (NYSEARCA:SH – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 21,337 shares of the real estate investment trust’s stock, valued at approximately $809,000.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in ProShares Short S&P 500 by 255.5% in the second quarter. JPMorgan Chase & Co. now owns 7,394 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 5,314 shares during the period. NewEdge Advisors LLC grew its stake in shares of ProShares Short S&P 500 by 503.7% during the 2nd quarter. NewEdge Advisors LLC now owns 6,562 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 5,475 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of ProShares Short S&P 500 during the 2nd quarter valued at about $595,000. Raymond James Financial Inc. purchased a new stake in shares of ProShares Short S&P 500 during the 2nd quarter valued at about $77,000. Finally, WFA of San Diego LLC purchased a new stake in shares of ProShares Short S&P 500 during the 2nd quarter valued at about $36,000.
ProShares Short S&P 500 Trading Up 0.5%
Shares of NYSEARCA:SH opened at $33.76 on Friday. The firm’s 50 day moving average price is $33.75 and its 200-day moving average price is $35.45. ProShares Short S&P 500 has a twelve month low of $32.71 and a twelve month high of $40.13.
ProShares Short S&P 500 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.
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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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