ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 799,700 shares, an increase of 151.6% from the February 26th total of 317,788 shares. Based on an average daily trading volume, of 22,680,299 shares, the short-interest ratio is currently 0.0 days. Currently, 2.7% of the shares of the company are short sold. Currently, 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 22,680,299 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of ProShares Short S&P 500
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Stack Financial Management Inc bought a new position in shares of ProShares Short S&P 500 in the fourth quarter worth about $90,286,000. UBS Group AG grew its stake in shares of ProShares Short S&P 500 by 167.7% during the 3rd quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock valued at $60,590,000 after acquiring an additional 1,026,917 shares during the period. Stratos Wealth Advisors LLC purchased a new stake in ProShares Short S&P 500 in the 4th quarter worth approximately $17,698,000. Focus Partners Wealth raised its stake in ProShares Short S&P 500 by 3.2% during the 4th quarter. Focus Partners Wealth now owns 407,260 shares of the real estate investment trust’s stock worth $14,674,000 after acquiring an additional 12,658 shares during the period. Finally, Arlington Capital Management Inc. purchased a new position in ProShares Short S&P 500 during the third quarter valued at approximately $12,257,000.
ProShares Short S&P 500 Trading Down 1.0%
Shares of ProShares Short S&P 500 stock traded down $0.37 on Wednesday, hitting $37.55. 13,538,333 shares of the company’s stock were exchanged, compared to its average volume of 11,423,507. ProShares Short S&P 500 has a 1 year low of $35.34 and a 1 year high of $51.37. The company has a 50-day simple moving average of $36.27 and a 200-day simple moving average of $36.55.
ProShares Short S&P 500 Cuts Dividend
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.
Further Reading
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