J. Safra Sarasin Holding AG Buys 45,246 Shares of ProShares Short S&P 500 $SH

J. Safra Sarasin Holding AG boosted its position in ProShares Short S&P 500 (NYSEARCA:SH) by 296.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 60,510 shares of the real estate investment trust’s stock after purchasing an additional 45,246 shares during the period. J. Safra Sarasin Holding AG’s holdings in ProShares Short S&P 500 were worth $2,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nvwm LLC bought a new stake in shares of ProShares Short S&P 500 in the fourth quarter valued at $36,000. WFA of San Diego LLC bought a new position in shares of ProShares Short S&P 500 during the 2nd quarter worth $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in ProShares Short S&P 500 in the 4th quarter worth about $55,000. Atlantic Union Bankshares Corp increased its holdings in ProShares Short S&P 500 by 51.1% in the 4th quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 575 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in ProShares Short S&P 500 in the 1st quarter valued at about $67,000.

ProShares Short S&P 500 Stock Up 0.7%

NYSEARCA SH opened at $32.97 on Tuesday. ProShares Short S&P 500 has a 52 week low of $32.70 and a 52 week high of $39.85. The firm’s 50-day simple moving average is $33.35 and its two-hundred day simple moving average is $35.17.

ProShares Short S&P 500 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.