Sterling Investment Management LLC Invests $6.23 Million in ProShares Short S&P500 (NYSEARCA:SH)

Sterling Investment Management LLC bought a new position in ProShares Short S&P500 (NYSEARCA:SH) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 479,205 shares of the real estate investment trust’s stock, valued at approximately $6,225,000. ProShares Short S&P500 comprises about 4.6% of Sterling Investment Management LLC’s holdings, making the stock its 5th largest position.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in ProShares Short S&P500 by 35.4% during the 1st quarter. JPMorgan Chase & Co. now owns 15,323 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 4,002 shares during the last quarter. Raymond James & Associates bought a new position in ProShares Short S&P500 during the 1st quarter valued at about $581,000. Cambridge Investment Research Advisors Inc. bought a new position in ProShares Short S&P500 during the 1st quarter valued at about $356,000. Private Advisor Group LLC grew its stake in ProShares Short S&P500 by 13.7% in the 1st quarter. Private Advisor Group LLC now owns 28,134 shares of the real estate investment trust’s stock worth $397,000 after acquiring an additional 3,394 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in ProShares Short S&P500 by 448.3% in the 1st quarter. Bank of Montreal Can now owns 41,232 shares of the real estate investment trust’s stock worth $598,000 after acquiring an additional 33,712 shares in the last quarter.

ProShares Short S&P500 Stock Performance

Shares of SH stock opened at $11.86 on Thursday. The company’s 50-day simple moving average is $12.40 and its two-hundred day simple moving average is $13.37. ProShares Short S&P500 has a one year low of $11.81 and a one year high of $15.58.

About ProShares Short S&P500

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.