ProShares Short SmallCap600 (NYSEARCA:SBB) Stock Price Pass Above 200 Day Moving Average – Should You Sell?

ProShares Short SmallCap600 (NYSEARCA:SBB) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.44 and traded as high as $13.47. ProShares Short SmallCap600 shares last traded at $13.20, with a volume of 24,788 shares trading hands.

ProShares Short SmallCap600 Stock Performance

The business has a fifty day moving average of $12.94 and a two-hundred day moving average of $13.44.

ProShares Short SmallCap600 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were given a $0.0749 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.30 annualized dividend and a dividend yield of 2.3%.

Institutional Trading of ProShares Short SmallCap600

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP purchased a new stake in ProShares Short SmallCap600 (NYSEARCA:SBB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned 7.64% of ProShares Short SmallCap600 as of its most recent SEC filing.

ProShares Short SmallCap600 Company Profile

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.