ProShares Short S&P 500 (NYSEARCA:SH) Sees Strong Trading Volume – Here’s What Happened

ProShares Short S&P 500 (NYSEARCA:SHGet Free Report) saw unusually-strong trading volume on Monday . Approximately 14,673,433 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 9,454,836 shares.The stock last traded at $37.08 and had previously closed at $36.87.

ProShares Short S&P 500 Trading Up 0.4%

The business has a 50-day simple moving average of $35.88 and a 200-day simple moving average of $36.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SH. Nvwm LLC purchased a new stake in ProShares Short S&P 500 in the 4th quarter worth $36,000. WFA of San Diego LLC acquired a new stake in shares of ProShares Short S&P 500 in the second quarter valued at about $36,000. SBI Securities Co. Ltd. increased its stake in shares of ProShares Short S&P 500 by 49.5% during the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 318 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of ProShares Short S&P 500 during the third quarter worth about $42,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of ProShares Short S&P 500 during the 4th quarter worth about $55,000.

ProShares Short S&P 500 Company Profile

(Get Free Report)

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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