ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 644,339 shares, a decline of 58.2% from the June 15th total of 1,543,232 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 10,149,382 shares, the days-to-cover ratio is currently 0.1 days.
ProShares Short S&P 500 Stock Performance
Shares of SH stock traded down $0.13 during mid-day trading on Tuesday, hitting $32.84. 8,487,880 shares of the stock traded hands, compared to its average volume of 10,755,828. ProShares Short S&P 500 has a 52-week low of $32.70 and a 52-week high of $39.85. The stock’s fifty day moving average is $33.35 and its two-hundred day moving average is $35.17.
Institutional Investors Weigh In On ProShares Short S&P 500
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. WFA of San Diego LLC acquired a new stake in ProShares Short S&P 500 in the second quarter valued at approximately $36,000. Nvwm LLC purchased a new position in ProShares Short S&P 500 in the fourth quarter worth $36,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of ProShares Short S&P 500 during the fourth quarter worth $55,000. Atlantic Union Bankshares Corp increased its position in shares of ProShares Short S&P 500 by 51.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 575 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in shares of ProShares Short S&P 500 during the 1st quarter valued at $67,000.
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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