ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,933,768 shares, an increase of 200.1% from the June 30th total of 644,339 shares. Based on an average daily volume of 6,131,002 shares, the short-interest ratio is presently 0.3 days. Approximately 7.3% of the shares of the company are sold short.
ProShares Short S&P 500 Price Performance
SH remained flat at $33.50 on Monday. 2,997,838 shares of the company traded hands, compared to its average volume of 10,508,311. ProShares Short S&P 500 has a 52-week low of $32.70 and a 52-week high of $39.85. The company’s fifty day simple moving average is $33.26 and its two-hundred day simple moving average is $35.01.
Institutional Investors Weigh In On ProShares Short S&P 500
Hedge funds and other institutional investors have recently modified their holdings of the stock. Stack Financial Management Inc acquired a new stake in shares of ProShares Short S&P 500 in the fourth quarter worth $90,286,000. UBS Group AG raised its holdings in ProShares Short S&P 500 by 167.7% in the 3rd quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock worth $60,590,000 after acquiring an additional 1,026,917 shares during the period. Three Seasons Wealth LLC acquired a new position in ProShares Short S&P 500 during the 1st quarter worth $20,507,000. Stratos Wealth Advisors LLC acquired a new position in ProShares Short S&P 500 during the 4th quarter worth $17,698,000. Finally, Arlington Capital Management Inc. bought a new stake in ProShares Short S&P 500 during the third quarter valued at about $12,257,000.
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.
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