Shares of ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $33.96 and traded as low as $32.09. ProShares Short S&P 500 shares last traded at $32.16, with a volume of 11,758,136 shares changing hands.
ProShares Short S&P 500 Stock Down 0.5%
The stock has a fifty day moving average price of $32.59 and a 200-day moving average price of $33.95.
Institutional Investors Weigh In On ProShares Short S&P 500
Institutional investors and hedge funds have recently made changes to their positions in the company. Three Seasons Wealth LLC acquired a new stake in shares of ProShares Short S&P 500 during the 1st quarter worth about $20,507,000. Arete Wealth Advisors LLC bought a new stake in ProShares Short S&P 500 during the first quarter worth about $10,853,000. Arkadios Wealth Advisors acquired a new stake in shares of ProShares Short S&P 500 during the first quarter worth approximately $10,769,000. Axiom Investment Management LLC bought a new position in shares of ProShares Short S&P 500 in the first quarter valued at approximately $7,154,000. Finally, Canal Capital Management LLC acquired a new position in shares of ProShares Short S&P 500 in the 1st quarter worth approximately $2,634,000.
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.
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