ProShares Short S&P 500 (NYSEARCA:SH) Sets New 52-Week Low – Here’s What Happened

ProShares Short S&P 500 (NYSEARCA:SH) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $35.48 and last traded at $35.5750, with a volume of 448963 shares. The stock had previously closed at $35.54.

ProShares Short S&P 500 Trading Up 0.1%

The firm’s 50-day moving average price is $36.44 and its two-hundred day moving average price is $37.63.

Institutional Trading of ProShares Short S&P 500

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aviance Capital Partners LLC acquired a new position in ProShares Short S&P 500 in the second quarter valued at about $486,000. Client First Investment Management LLC purchased a new stake in shares of ProShares Short S&P 500 in the 3rd quarter valued at approximately $1,827,000. Ballew Advisors Inc acquired a new position in shares of ProShares Short S&P 500 in the 3rd quarter worth approximately $1,121,000. Allworth Financial LP boosted its position in shares of ProShares Short S&P 500 by 384.4% during the 2nd quarter. Allworth Financial LP now owns 1,773 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,407 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of ProShares Short S&P 500 by 1,232.6% during the 2nd quarter. Bank of Montreal Can now owns 8,049 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 7,445 shares during the period.

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.