ProShares Short S&P500 (NYSEARCA:SH) Sees Large Volume Increase – Time to Buy?

Shares of ProShares Short S&P500 (NYSEARCA:SHGet Free Report) saw an uptick in trading volume on Friday . 11,786,155 shares traded hands during mid-day trading, an increase of 126% from the previous session’s volume of 5,218,242 shares.The stock last traded at $43.80 and had previously closed at $43.81.

ProShares Short S&P500 Stock Down 0.5 %

The stock’s 50 day simple moving average is $41.90 and its two-hundred day simple moving average is $42.78.

Institutional Trading of ProShares Short S&P500

A number of institutional investors have recently made changes to their positions in SH. Golden State Wealth Management LLC bought a new stake in shares of ProShares Short S&P500 in the fourth quarter worth $31,000. Aptus Capital Advisors LLC acquired a new position in ProShares Short S&P500 during the third quarter worth $33,000. Larson Financial Group LLC increased its holdings in ProShares Short S&P500 by 415.8% during the third quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 4,528 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in ProShares Short S&P500 during the fourth quarter worth $78,000. Finally, Sanctuary Advisors LLC acquired a new position in ProShares Short S&P500 during the third quarter worth $111,000.

ProShares Short S&P500 Company Profile

(Get Free Report)

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.

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