ProShares Short SmallCap600 (NYSEARCA:SBB – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.02 and traded as low as $22.37. ProShares Short SmallCap600 shares last traded at $22.48, with a volume of 3,256 shares trading hands.
ProShares Short SmallCap600 Stock Up 0.8%
The business has a fifty day moving average of $23.49 and a 200-day moving average of $25.02.
Institutional Trading of ProShares Short SmallCap600
A hedge fund recently bought a new stake in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new position in ProShares Short SmallCap600 (NYSEARCA:SBB – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned 7.64% of ProShares Short SmallCap600 at the end of the most recent reporting period.
About ProShares Short SmallCap600
ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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