ProShares Short S&P500 (NYSEARCA:SH) Shares Sold by Laidlaw Wealth Management LLC

Laidlaw Wealth Management LLC lessened its stake in shares of ProShares Short S&P500 (NYSEARCA:SH) by 43.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,175 shares of the real estate investment trust’s stock after selling 43,967 shares during the quarter. ProShares Short S&P500 comprises about 1.1% of Laidlaw Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Laidlaw Wealth Management LLC’s holdings in ProShares Short S&P500 were worth $2,423,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SH. Marlin Sams Capital Management LLC acquired a new position in shares of ProShares Short S&P500 during the third quarter valued at approximately $15,732,000. Arete Wealth Advisors LLC acquired a new position in ProShares Short S&P500 in the third quarter worth approximately $10,007,000. IMC Chicago LLC acquired a new position in ProShares Short S&P500 in the third quarter worth approximately $5,729,000. Vigilare Wealth Management acquired a new position in ProShares Short S&P500 in the third quarter worth approximately $3,142,000. Finally, Freedom Investment Management Inc. grew its position in ProShares Short S&P500 by 265.1% in the third quarter. Freedom Investment Management Inc. now owns 369,746 shares of the real estate investment trust’s stock worth $4,012,000 after buying an additional 268,485 shares during the last quarter.

ProShares Short S&P500 Stock Performance

ProShares Short S&P500 stock opened at $40.97 on Wednesday. ProShares Short S&P500 has a 1 year low of $40.84 and a 1 year high of $50.60. The firm’s 50 day moving average price is $41.77 and its two-hundred day moving average price is $43.16.

About ProShares Short S&P500

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.