ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Down 45.2% in April

ProShares Short S&P 500 (NYSEARCA:SH) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 431,120 shares, a drop of 45.2% from the April 15th total of 787,229 shares. Based on an average daily volume of 10,826,502 shares, the short-interest ratio is currently 0.0 days. Approximately 1.3% of the shares of the stock are short sold.

ProShares Short S&P 500 Trading Up 1.3%

Shares of SH traded up $0.42 during mid-day trading on Friday, reaching $33.56. 7,983,704 shares of the company’s stock were exchanged, compared to its average volume of 11,226,315. The company has a 50-day simple moving average of $36.04 and a two-hundred day simple moving average of $36.13. ProShares Short S&P 500 has a 52-week low of $33.08 and a 52-week high of $42.89.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SH. JPMorgan Chase & Co. increased its stake in shares of ProShares Short S&P 500 by 255.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,394 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 5,314 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of ProShares Short S&P 500 by 503.7% during the 2nd quarter. NewEdge Advisors LLC now owns 6,562 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 5,475 shares in the last quarter. Quantinno Capital Management LP purchased a new position in shares of ProShares Short S&P 500 during the 2nd quarter worth approximately $595,000. Raymond James Financial Inc. purchased a new position in shares of ProShares Short S&P 500 during the 2nd quarter worth approximately $77,000. Finally, WFA of San Diego LLC purchased a new position in shares of ProShares Short S&P 500 during the 2nd quarter worth approximately $36,000.

About ProShares Short S&P 500

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.